Home  Local Businesses  Local Government  Civic Organizations  Local Schools  Neighborhoods 
My York County!
Internet Directory
York County Calendar
Our Library
York County Forums
York County Polls & Surveys
York County Classifieds
York County Photo Albums

Nov 19, 2017
Made possible by:

Marcs pressure washing icon v2

Around York County





How it works:

1.  You contribute cash, securities or other property to a trust.

2.  The trust makes fixed annual payments to the American Red Cross for a specified term of years.

3.  When the trust ends, the remaining principal goes to your heirs.

Benefits:

  • You qualify for a gift tax deduction for the present value of the annuity payments to the Red Cross.
  • The annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
  • All appreciation that takes place in the trust goes tax-free to your heirs.
  • You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
  • You can have the satisfaction of making a significant gift to the Red Cross now that reduces the taxes due on transfers to your heirs later.

For more information please contact: Carol Scott ~ 757-898-3090


Terms of Service -  Privacy Policy -  Contact Us -  FAQs -  Guestbook -  About Us
Copyright © 2017 YorkCountyVA.org All rights reserved.
Use of this site constitutes your agreement with the Terms of Service.
Graphic design by: GrapiX Patterns