Give It Twice Trust
We refer to this type of unitrust as a "give it twice" trust because it allows you to provide income to your family for several years, with the remaining balance eventually benefiting our organization.
Benefits of a Give It Twice Trust
- Use the full value of your unused retirement account to provide income to your surviving spouse, children, or other loved ones for a specified period.
- Generate an estate tax deduction and potential savings from the gift.
- Support Oceana!
How a Give It Twice Trust Works
- You will need to create a charitable remainder unitrust with your attorney.
- You complete a beneficiary designation form for your IRA or other retirement account, naming the charitable trust as the beneficiary, and submit the form to the account custodian.
- Upon your passing, the custodian will transfer your retirement account to the charitable trust.
- The trust will provide income to your spouse, children, or other designated beneficiaries for their lifetime, a set term of years, or a combination of both.
- After the income payments are completed, the remaining balance of the trust will be transferred to Oceana.
Contact us
If you have any questions about a gift it twice trust, please contact us. We would be happy to assist you and answer your questions. [email protected]