Charitable Remainder Trusts and Gifts of Residual Interest

Charitable Remainder Trusts

With a charitable remainder trust, the donor transfers property to a trust where it's held and managed by a trustee. The trust is most commonly funded with cash, bonds, real estate or securities which are transferred irrevocably to a trustee. If the property is income-producing, the net income will be paid to the donor or any other designated beneficiary. When the trust ends -- usually at death or a specified term -- the remainder is distributed to the Alzheimer Society. This type of gift is a great way to reduce probate fees since these assets do not form part of your estate. The trust is particularly beneficial from a tax standpoint for people age 70 and older.

Gifts of Residual Interest

Gifts of residual interest refer to an arrangement under which property, such as a home or farm, is deeded to the Alzheimer Society. The donor, however, retains the use of the property for life or for a predetermined period, and receives a charitable receipt for the present value of the residual interest.

Contact us

The Fund Development staff at the Alzheimer Society of Saskatchewan are available to provide, confidentially, the information you need about these forms of gift planning. Please contact us at fund@alzheimer.sk.ca for more information.

[Note: Information on this page is not intended as specific financial planning or legal advice. You should always consult your legal advisors, financial planners and family members when considering a planned gift.]