A A A print this page

Gift Planning Overview

 

Gifting Strategy

Primary Uses/Benefits

Gift of Appreciated Assets

Income tax savings, avoids capital gains tax, estate tax savings. Easier than making a cash gift.

 

Charitable Gift Annuity

Fixed income for life - partial tax-free, income tax deduction, simple contract, estate tax savings

 

Charitable Remainder Annuity Trust

Avoids capital gains tax, fixed income for life or term of years, income tax deduction, flexible payout rate, estate tax savings, diversity investments

 

Charitable Remainder Unitrust

Avoids capital gains tax, variable income for life or term of years, income tax deduction, flexible payout rate, estate tax savings, diversity investments

 

Charitable Lead Trust

Significant gift and/or estate tax savings; transfer assets to heirs at reduced estate costs; provide future inheritance to grandchildren

 

Gift of Life Insurance

Low cost gift, income tax deduction

 

Retained Life Estate

Income tax deduction, retain the use of gifted asset for life, estate tax savings

 

Bequest of IRA or Retirement Plan at Death

Escapes income and estate tax on plan proceeds which can consume 60-75% of plan assets

 

For more information contact:
Gift and Estate Planning Services
Millsaps College
P.O. Box 151191
Jackson, MS 39210-1191
(voice) 601-974-1035  (fax) 601-974-1088

 

For more information on how a particular technique works, click on any of the links for a more in-depth explanation.

DISCLAIMER: The information contained on this page is for educational purposes only.  The reader understands that Millsaps College is not rendering legal advice and that the reader should seek independent legal counsel when contemplating estate planning decisions.