Do you want to create a lasting legacy while reducing your tax burden and generating a steady stream of income?
A pooled income trust (PIT) is a powerful financial tool that offers a unique blend of charitable giving, tax savings, and income generation. This innovative trust allows you to:
A pooled income trust combines your contributions with those of other donors into a single investment pool. This pool is managed by a trustee, who invests the funds and distributes the income generated to the beneficiaries.
Benefits of a Pooled Income Trust | Potential Drawbacks |
---|---|
Tax deductions for contributions | Limited control over trust assets |
Lifetime income payments | Potential for lower returns than individual investments |
Support for a charitable organization | Restrictions on withdrawals |
Setting up a pooled income trust is a straightforward process:
Remember: A pooled income trust can be a valuable tool for tax savings, income generation, and charitable giving. Consult with a financial advisor to determine if a pooled income trust is right for you.
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