At CFG Brokerage Network, we believe the true meaning of a gift is to make the lives of others better. Everyone has their own motives for making charitable gifts. It could be generosity, religious belief, gratitude or to benefit an Alma matter. Benefiting a favorite
cause can offer more than just self-fulfillment and aid to others; by allowing us to help you carefully shape your clients’ charitable giving plan to include life insurance, you can help to protect those who depend on your client and achieve their philanthropic goal. Let us help your clients achieve their goal
by pursuing the options below:
Charitable Gifts: A charitable gift is a gift to a favorite charity. It can be made during lifetime or at death. If made during lifetime it is income tax deductible up to certain limits. If made at death it is estate tax deductible.
Charitable Remainder Trust (CRT): A charitable remainder trust is an irrevocable trust providing current income payments to the grantor followed by payments of the remainder to a charity. It is useful where a grantor wants to make a charitable gift but also wants income; it is
appropriate where a grantor wants an increased income from appreciated property without selling and incurring capital gains. It is applicable where estate tax avoidance and current income tax deduction are goals.
Charitable Lead Trust (CLT): A charitable lead trust is an irrevocable trust providing current income payments to a charity followed by payment of the remainder interest to a non-charitable beneficiary. It can be set up during lifetime or at death and enables a grantor to transfer a substantial wealth to
children or grandchildren at a minimum gift/estate tax cost.