"Tax Considerations in Creating Life Income Gifts for Others"

   Russell A Willis, III

   Consultant

   Plannedgiftdesign.com

Often the settlor of a charitable remainder trust or the purchaser of a gift annuity will want to provide an income benefit for someone other than herself -– a spouse or a child or a sibling, even a parent.

Complications may arise if the "income" interest is not immediate, or if it otherwise does not qualify for a marital deduction, or if the present value of the "income" stream exceeds the gift tax annual exclusion.

In this session, we will explore the income, gift, and estate tax issues that can arise in connection with creating a remainder trust or a purchasing a gift annuity from which someone other than the transferor is to receive the income.

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Many Thanks to our Program Partner!

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