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Unitrust and Special Needs Trust

If you are looking for a way to provide for a loved one who has special needs, and also make a gift to the University of Indianapolis, a charitable remainder unitrust and a special needs trust arrangement could help you achieve your objectives. The charitable remainder unitrust will make payments to the special needs trust, which in turn will provide support and care for your loved one. Eventually, the remainder of the charitable remainder trust will help UIndy further our educational mission.

Benefits of a Unitrust and Special Needs Trust

• Establish a way to provide for your loved one
• Avoid capital gains if the unitrust is funded with appreciated assets
• Receive an immediate charitable income tax deduction for the charitable portion of the unitrust
• Establish a testamentary unitrust that is funded through your estate

How a Unitrust and Special Needs Trust Works

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. The unitrust is invested and will make payments to the special needs trust for your loved one's lifetime or a term of up to 20 years.
3. You receive an income tax deduction in the year you transfer your assets to the unitrust.
4. The University of Indianapolis benefits from what remains in the unitrust after all payments to the Special Needs Trust have been made.

Next Steps:

1. Contact UIndy's Office of Gift Planning at 317-791-2553 or [email protected] for additional information on gifts of charitable remainder trusts or to speak with Darcy about which asset gift is right for you.
2. Seek the advice of your financial or legal advisor.