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Charitable Remainder Trust -
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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ELCA.org |
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Simplified Issue, No Medical Exam, Full Benefits payable
immediately
Blue Cross LifeBenefits Brochure and Application 03/06
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