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You may be looking for a way to provide your children with income while making a gift to Â鶹¾«Ñ¡. The "give it twice" 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. This kind of trust is called 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 Kent State.

Why Establish a Testamentary Charitable Remainder Unitrust

• Keep control of your funds throughout your lifetime
• Provide for your heirs for a specified period of years
• Leave a lasting legacy to Â鶹¾«Ñ¡
• Potential for an estate tax deduction
• Allows you to provide income for your heirs for a longer period as opposed to an outright gift of your IRA 

How to Establish a Testamentary Charitable Remainder Unitrust

1. We will work with you and your attorney to create a charitable remainder unitrust.
2. You name the charitable trust as the beneficiary of your IRA account.
3. At the time of your passing, your retirement account  is transferred to the charitable trust.
4. The trust will the pay income to your designated heirs for the period specified in the trust agreement.
5. At the conclusion of the specified period, the balance of the trust will be transferred to Â鶹¾«Ñ¡.

Please contact us with any questions about a Testamentary Charitable Remainder Unitrust.