rusts are flexible tools for estate and tax planning.

Increasingly, people are using trusts to simplify their lives, plan for retirement, and control the ultimate disposition of their assets, including making a charitable gift. By naming First Presbyterian Church, Winter Haven as the beneficiary of your trust, you can continue your tithe into perpetuity and create a Legacy of Love to benefit the work of your church.

A trust may:

• Relieve you of the burden of managing investments.
• Provide security for family members or friends unable to manage assets themselves.
• Preserve assets through efficient use of federal and state tax deductions and credits.

A trust is a contract under which a person or institution holds legal title to property and manages it to benefit another.

Virtually any type of property can be placed in a trust - stocks, bonds, cash, real estate or personal property. All trusts are governed by a trust agreement, which spells out the trust's purpose and how it will operate.

Who can benefit from a trust? Some examples include:

• An individual nearing retirement - to avoid capital gains taxes on highly appreciated assets, can fund a unitrust or annuity trust to supplement retirement income and leave a Legacy of Love.



• A retired couple or individual between ages 60 and 75 - with a good life expectancy, can create a unitrust to provide a hedge against inflation and leave a Legacy of Love.



• An individual over age 75 – seeking a fixed income, can create an annuity trust to provide a fixed and unchangeable income payments monthly or quarterly and leave a Legacy of Love.



• A single person over age 80 – wanting to provide something for family while making a gift to the First Presbyterian Church, can establish a unitrust with a 20-year term to payout to your children or grandchildren for the balance of the term extending beyond your lifetime and leave a Legacy of Love.

If you feel a trust might help you carry out your goals for estate planning, please contact the Church Business Manager, at (863) 294-3121 for a referral or more information. All inquiries will be handled promptly and confidentially. The information on this website is not intended as legal advice. For legal advice, please consult an attorney.