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The Charitable Remainder Annuity Trust
How Does It Work
- Create trust agreement outlining terms of the trust
- Transfer cash or other property to trustee
- Trustee invests and manages trust assets
- Trustee makes payments to income beneficiaries
- Remainder to Milligan for purposes you specify
Benefits
- Income to one or more beneficiaries that remains fixed for the life of the trust
- Federal income-tax deduction for the charitable remainder value of your gift
- No capital-gain tax when trust property is sold
- Trust remainder will provide generous support for Milligan
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