Maximize your philanthropic goals
- Make a difference in people’s lives and always be remembered for your contribution
- Benefit yourself, your family and Auburn University with your planned gift
- Help us fulfill our mission for many years and generations to come
The Retirement Unitrust
When Mary was a child, the farm was out in the country. Now that the city has grown, the farm is within the city limits. Several developers would like to build homes on the farmland.
Bill: Since it is a good time to sell, that's what we would like to do. We would also like to invest the sale's proceeds for growth for about 10 years until we retire. However, when we checked with our tax advisor, she told us that if we sold the farm, we would have a large capital gains tax bill.
Mary: But then she told us about a plan that would provide for our retirement. She explained that we could transfer the land into a special retirement trust. Once inside this trust, the farm could be sold tax free and the cash invested for growth. The proceeds would grow tax free inside the trust until we retire. By the time we retire, the payouts would be taxable, but we could have as much as $900,000 in the trust.
Is a retirement unitrust right for you?
If you have a highly appreciated asset, such as real estate or stock, and are several years away from retirement, a retirement unitrust could help you sell the asset tax-free while saving for retirement. Please contact us if you have questions about a retirement unitrust.
*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits may be different, you may want to click here to view a color example of your benefits.
Contact the Office of Gift Planning for additional information or to discuss further the different options for including Auburn in your estate plans.
It is always advisable to seek the advice of a financial or legal advisor. Please refer your advisor to our Advisors section for more information.
When including Auburn in your estate or charitable plans, please use our legal name and mailing address:
Auburn University Foundation
317 South College Street, Auburn, AL 36849
Federal Tax ID number: 63-6022422