Charitable Trusts - Santa Fe Jewish Center
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Enjoying dinner at Chabad November 2015

Charitable Trusts

There are various ways to set up a trust. Each one will serve a different purpose.

Charitable Remainder Trust

A charitable remainder trust is a highly recommended estate planning tool that allows you to donate your assets to Chabad Center for Jewish Life while providing an income stream to you and your family. A charitable remainder trust has significant tax advantages for your children and beneficiaries during your lifetime.

Here’s how a Charitable Remainder Trust can work for you:

  • Appreciated real estate or securities are often an excellent asset to place in a charitable remainder trust.
  • You establish a remainder trust that provides income payments to you or your family.
  • A charitable remainder trust will, in most cases, reduce your estate taxes.
  • After your passing, the assets are given to the Santa Fe Jewish Center - Chabad.
  • This is a significant and important way to leave a meaningful Jewish legacy.

Charitable Lead Trust

A charitable lead trust can be an effective estate planning tool to transfer the assets to your heirs with significant tax advantages, while making a meaningful gift to the Chabad Center for Jewish Life.

How Charitable Trusts can work for you:

  • You can establish a lead trust that will make income payments to Chabad for a predetermined number of years.
  • After the trust term ends, the assets are distributed to you or your family.
  • This is an outstanding way to give charity today, eventually leaving the asset to your heirs.
  • Appreciated real estate is often an excellent asset to place in a charitable trust.

Retained Life Estate

A retained life estate is a strategy that allows you to donate a home to Chabad while retaining the right to live in it for the rest of your life.

  • You deed your home to Chabad, but retain the right to live there for the rest of your life.
  • You continue to live on your property for as long as you want and are responsible for the expenses: maintenance fees, insurance, property taxes, repairs, etc.
  • When you pass, the property is transferred to Chabad.
  • You are able to receive a substantial tax deduction.
  • You benefit by knowing your property or vacation home will ensure a Jewish legacy.

If you are considering a charitable lead trust or a retained life estate, or for any information on planned giving, please contact us.

Rabbi Berel Levertov
Santa Fe Jewish Center - Chabad
230 West Manhattan Avenue
Santa Fe, NM, 87501
505-983-2000
rabbi@chabadsantafe.com