One irrevocably gifts assets to a trust, name a trustee - such as your favorite Charity - to manage the trust's investment, and receive an annual payment for life or a term of years. The net fair market value of the gifted assets is used to establish the initial trust value.

You can Receive... an annual payment. You choose who will receive annual payments for life or a term of years. Many donors make themselves and their spouses beneficiaries for life. Others name their children as beneficiaries for a term of years, up to 20 years, or for life. Others combine the above two options.

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