You may be concerned about the financial security of family members and their need for the assets you intend to give to charity. By using a wealth replacement trust (WRT) with a charitable remainder trust (CRT), you can provide for both the charity and your heirs.
The WRT is funded with a new life insurance policy paying the proceeds to the trust on your death. Your heirs are the beneficiaries of the WRT. So, even though you have given money to charity, the amount your heirs receive is not diminished. Also, because the insurance policy is owned by the WRT, the proceeds are not taxable to your estate.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA (Opens in a new Window)/SIPC (Opens in a new Window). UniVest Financial Services is a trade name of UniBank. Infinex and UniBank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of, nor guaranteed or insured by, any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.