Go to Jeff Salisbury LWGate Home Page.From: Joel Elias <joelhe@geocities.com>
Subject: Charitable Annuities?
Date: Fri, 01 May 1998 17:32:20 -0400
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I have read that it is possible to set up charitable annuities so that one receives payments for life, of which some part may be non-taxable, and some or all of the amount paid in to the annuity is deductible from current taxes. I was also told that one could fund such annuities with appreciated assets and avoid capital gains taxes. This sounds like it could be a useful retirement and estate planning tool for someone with no heirs and reasonable current income. I would like to learn more about using such annuities as a financial and estate planning tool. Can other persfiners point me to reliable information on this topic? What major (i. e. expected to be around for a while) charities have such programs? Any cautions for one getting involved in charitable annuities? Thanks in advance. - ---------- Joel H. Elias mailto:joelhe@geocities.com - -
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