Skip to content
Back to HBU.edu
  • PLANNED GIVING MENU Main Menu
  • Houston Baptist University
  • Giving Main
  • Gift Options
  • About Bequests
  • Calculators
  • Bequest Language
  • News
  • Advisors
  • Contact Us
  • My Account
Back to HBU.edu
    • Giving Home
    • Gift Options
    • About Bequests
    • Calculators
    • Bequest Language
    • News
    • Advisors
    • My Account

Impact Houston Christian University

Today & Tomorrow

  • Your charitable gift will provide vital support for our projects, activities and goals
  • You can enjoy immediate or deferred tax benefits for you and your family
  • Your contribution will influence the well-being of others far into the future
mute videopause video
close video
Text Resize

You are at: Planned Giving > Gift Options > How to Give > Sale and Unitrust

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

Sale and Unitrust

Are your appreciated assets, such as stock, bonds or real estate, producing little or no income?

If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.

Sale and Unitrust
Property
Cash To Donor From Sale
Income to Donor
Unitrust
HBU
Charity image
Flowchart: Donor transfers an undivided portion of property to a unitrust. When property is sold, the donor and the unitrust receive cash from the sale. The donor receives payouts from the unitrust and the HBU receives the remainder at the end of the trust term.

Benefits of a sale and unitrust

  • Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
  • Receive income from the unitrust for the rest of your life and future retirement
  • Obtain an income tax deduction that may reduce your tax bill this year
  • Further the work of Houston Christian University with your gift

How a sale and unitrust works

  1. You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
  2. The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
  3. The trust will provide you with income for the rest of your life.
  4. You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.

More on sale and unitrust

When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.

Contact us

If you have any questions about a sale and unitrust, please contact us. We would be happy to assist you and answer any questions you might have.

scriptsknown

Planned Giving

  • Contact Us
  • Create Your Plan
  • Estate Planning Guide
  • E-Newsletter
  • Covenant Society
Footer logo

© Copyright 2023 Crescendo Interactive, Inc. All Rights Reserved
PRIVACY STATEMENT
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.