Kappa Alpha Order - Educational Foundation

Your home has anchored your family's life for many years. It has been a haven, making you feel secure. It has been the scene of many happy times with family and friends, and now it is more than you need.

Often people embark on a new lifestyle, and their grown children are not interested in taking over the family homestead. Sometimes a move to a different climate or a retirement community is pending. But you can still derive further benefit from your home.

Turn Your Home Into a Charitable Gift That Also Benefits You
You can use your home to create income, save taxes, reduce probate costs for your estate and serve a charitable purpose.

Give your unoccupied home to a charitable remainder unitrust with net income with make-up provisions. This trust makes lifetime payments to you after which time it distributes the remaining assets to a charity to support its mission. If you name Kappa Alpha Order Educational Foundation as the recipient of the remainder interest, you will:

make a significant gift which we can access after your lifetime;
avoid up-front capital gains tax on the increase in the property's value since you bought it;
receive an immediate income tax deduction for the value of the remainder interest;
receive an income from the trust for the rest of your life;
reduce probate costs by eliminating the property from your probate estate;
relieve yourself of selling the property or maintaining it and paying property taxes.

This special type of unitrust can be invested to produce income later in retirement or now, if you want payments to begin soon.

Please check with Kappa Alpha Order Educational Foundation before making any gifts of this type. Contact Erik Showalter at 540-460-1401 or 540-463-1865, or via e-mail at eshowalter@ka-order.org, for more information.

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Copyright © The Stelter Company, All rights reserved.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.

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