{"id":82,"date":"2016-06-18T16:21:36","date_gmt":"2016-06-18T16:21:36","guid":{"rendered":"http:\/\/bsccfoundation.org\/?page_id=82"},"modified":"2016-06-18T16:21:36","modified_gmt":"2016-06-18T16:21:36","slug":"give-it-twice-trust","status":"publish","type":"page","link":"https:\/\/bsccfoundation.org\/index.php\/planned-giving\/give-it-twice-trust\/","title":{"rendered":"Give it Twice Trust"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-518\" src=\"https:\/\/i0.wp.com\/bsccfoundation.org\/wp-content\/uploads\/2016\/06\/bscc-foundation-give-it-twice.jpg?resize=375%2C250\" alt=\"bscc-foundation-give-it-twice\" width=\"375\" height=\"250\" \/>You may be looking for a way to provide your children with income while making a gift to Barbara Sinatra Children&#8217;s\u00a0Center. The &#8220;give it twice&#8221; trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.<\/p>\n<h3 class=\"bigMedTitle\">Benefits of a give it twice trust<\/h3>\n<ul>\n<li>Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time<\/li>\n<li>Create an estate tax deduction and savings from the charitable gift<\/li>\n<li>Support the important charitable work of Barbara Sinatra Children&#8217;s Center<\/li>\n<\/ul>\n<h3 class=\"bigMedTitle\">How a give it twice trust works<\/h3>\n<ol>\n<li>We can help you and your attorney with the process of creating a charitable remainder unitrust.<\/li>\n<li>You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.<\/li>\n<li>When you pass away, the custodian will transfer your retirement account to the charitable trust.<\/li>\n<li>The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.<\/li>\n<li>At the conclusion of the payments, the balance of the trust will be transferred to Barbara Sinatra Children&#8217;s Center.<\/li>\n<\/ol>\n<h3>More Information<\/h3>\n<ul>\n<li><strong>Provides Tax Savings.<\/strong> The give it twice trust produces income and estate tax savings.<\/li>\n<li><strong>Promotes Fairness.<\/strong> The give it twice trust establishes a mechanism that will help you treat each of your children equally. This can help promote peace in your family.<\/li>\n<li><strong>Teaches Your Children.<\/strong> Give children income rather than a lump sum. Studies of inherited wealth have concluded that many children spend lump sum inheritances, whereas they learn to be more responsible with inheritances paid out over time.<\/li>\n<\/ul>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>You may be looking for a way to provide your children with income while making a gift to Barbara Sinatra Children&#8217;s\u00a0Center. The &#8220;give it twice&#8221; trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind [&hellip;]<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":35,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-82","1":"page","2":"type-page","3":"status-publish","5":"entry"},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P7DJZz-1k","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/pages\/82","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/comments?post=82"}],"version-history":[{"count":1,"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/pages\/82\/revisions"}],"predecessor-version":[{"id":83,"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/pages\/82\/revisions\/83"}],"up":[{"embeddable":true,"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/pages\/35"}],"wp:attachment":[{"href":"https:\/\/bsccfoundation.org\/index.php\/wp-json\/wp\/v2\/media?parent=82"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}