Frequently Asked Questions

1. How can we increase cash flow for life and assist Middlebury at no cost to our children?
2. How can I supplement my retirement income?
3. How can I receive guaranteed income?
4. How can I transfer assets to children and/or grandchildren and reduce gift and estate taxes?
5. I am not wealthy, would like to help Middlebury, but need income from my securities for living expenses. What can I do?

6. How do wealthy people leave large amounts to children and/or grandchildren with little or no gift/estate taxes?
7. My financial planner suggests I establish a Charitable Remainder Unitrust. Does Middlebury have these trusts? Does Middlebury serve as trustee? How much does it cost?
8. I have highly appreciated securities that trigger large capital gains taxes if I sell. How can I reduce or avoid those taxes?
9. I am updating my estate plan or the beneficiary designation of my retirement plan assets and want to mention Middlebury. What is its legal name?

 

1:

How can we increase cash flow for life and assist Middlebury at no cost to our children?

A:

Consider a Middlebury Wealth Replacement Unitrust.

2:

How can I supplement my retirement income?

A:

Consider a Middlebury Professional Retirement Unitrust.

3:

How can I receive guaranteed income?

A:

Consider a Middlebury Charitable Gift Annuity.

4:

How can I transfer assets to children and/or grandchildren and reduce gift and estate taxes?

A:

Consider a Generation Transfer Trust.

5:

I am not wealthy, would like to help Middlebury, but need income from my securities for living expenses. What can I do?

A:

Consider a Charitable Gift Annuity or perhaps a Middlebury Unitrust.

6:

How do wealthy people leave large amounts to children and/or grandchildren with little or no gift/estate taxes?

A:

Many consider a Generation Transfer Trust.

7:

My financial planner suggests I establish a Charitable Remainder Unitrust. Does Middlebury have these trusts? Does Middlebury serve as trustee? How much does it cost?

A:

Middlebury is currently trustee of over 100 Charitable Remainder Trusts. Most of these are unitrusts. Presently, Middlebury does not charge a trustee fee for this service. However, because we use the expert asset management and administration services of Kaspick & Company, custodial, investment and administrative fees are charged to each trust.

8:

I have highly appreciated securities that trigger large capital gains taxes if I sell. How can I reduce or avoid those taxes?

A:

Consider a Pooled Income Fund, a Charitable Gift Annuity, or a Middlebury Unitrust.

9:

I am updating my estate plan or the beneficiary designation of my retirement plan assets and want to mention Middlebury. What is its legal name?

A:

"The President and Fellows of Middlebury College," Middlebury, Vermont. Important:If you would like to restrict your estate intention, please contact the Office of Gift Planning for guidance in this regard.