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Mary Friendly grew up on a farm. When her parents passed away, she inherited the farm.
When Mary was growing up, the farm was out in the country. The city now has grown until the farm is now within the city limits. Several developers would like to build homes on the farmland.
Mary: We have received modest payments from the farm over the years. I have allowed a neighboring farmer to graze his cows on the farm until recently. Since I inherited the farm from my parents several years ago, the value of the farm has greatly increased.
 Bill: We checked with our tax advisor and the farm could be sold, but there would be a very large tax to pay. Since it is a good time to sell the land, we would like to sell. And then it would be good to let the sale proceeds grow for about 10 years until we plan to retire. In fact, we are hopeful that we can sell tax-free and then allow the proceeds to grow tax-free.
Mary: I was excited to learn from our tax advisor that there is a plan that does provide for our retirement. She explained that we could give the land into a special trust. With this trust the farm could be sold tax-free and the cash invested for growth. The proceeds can then grow tax-free inside the trust until we retire. At that time, the payouts will be taxable, but we could have as much as $900,000 in the trust.
Bill: We will enjoy a very nice retirement. We already have an IRA and are planning to use that for retirement. Now with the extra income from this retirement trust, we will be able to travel and really enjoy our golden years.
Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your gift benefits under federal rules may be different from this person, you may want to contact us to view a color example of your gift benefits based on your age.
For more information please select one of the following options:
1. If you would like to view a color presentation of the plan for Bill and Mary Friendly, please click one of these buttons.
2. Perhaps you have some stock or land that has increased in value. If you would like to see how this plan could work for you, then click here.
3. If you would like to request a printed illustration of a Retirement Unitrust with your payout rate, then click here.
4. You may print a Retirement Unitrust tri-fold brochure. Click Here.
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