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LOCAL DIOCESAN NEWS

Financial Peace University

Immaculate Conception Church, 835 Hatchell Lane in Denham Springs, will host Financial Peace University and Legacy Journey classes on successive Tuesday evenings, from September 1 thru October 27. For information, call (225) 665-5359.

Diocesan News Page

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For the convenience of our readers, a four-page, abridged set of monthly Stewardship Today articles is available as a downloadable PDF file.

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Receive Lifetime Payments in Exchange for Your Generosity:

The Myriad Benefits of a Charitable Remainder Trust

For many people, the appeal of a charitable remainder trust—which provides lifetime income to you and, after your lifetime, supports our good work—lies in its ability to work under a variety of circumstances. Following is a description of how this life income gift works.

How a Charitable Remainder Trust Works

  • A charitable remainder trust pays a flow of income to you and anyone else you name, typically for your lifetimes.
  • With the help of your estate-planning attorney, you create the trust with assets of your choosing, and you decide how much it will pay you, within limits set by the IRS.
  • You choose between two types of charitable remainder trusts. The most common is a unitrust, which pays you a variable amount based on a percentage of the trust assets as revalued each year. An annuity trust pays you a fixed sum each year.
  • At the end of the trust term, the remaining assets inside the trust support the charitable organization of your choice.

How You Benefit

  • When you itemize your tax deductions, you receive an income tax charitable deduction for a portion of the fair market value of the assets placed in the trust.
  • When you fund the trust with capital gain property, such as appreciated securities or other property owned for more than one year, you are not taxed up front on the capital gain. Your deduction is based in part on the full fair market valuenot the lower cost basis.
  • If you—or you and your spouse—are the only income recipients, the trust’s value will not be taxable for federal estate tax purposes.
  • You will be making a difference in the lives of those we serve.

For additional information concerning Diocese of Baton Rouge Planned Giving opportunities, please visit the “Plan My Legacy” page through the Office of Stewardship website: http://officeofstewardship.planmylegacy.org

Financial Peace University

Immaculate Conception Church, 835 Hatchell Lane in Denham Springs, will host Financial Peace University and Legacy Journey classes on successive Tuesday evenings, from September 1 thru October 27. For information, call (225) 665-5359.

Diocesan News Page

Stewardship Today is a monthly devotional newsletter designed to assist Catholics everywhere in developing a greater understanding of the role of stewardship in everyday life.
All we are, and all we possess, are gifts from God for our use and for the blessing of others. Through wise stewardship, we invest our time, our talents and our treasures to the glory of God.

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