Secure your legacy. Plan Different.
Charitable Giving
Using Private Placement Variable Annuities (PPVA)
Charitable Remainder Trust (CRTs) and Charitable Lead Trusts (CLTs) require assets to be gifted irrevocably in exchange for a current tax deduction. A Private Placement Variable Annuity (PPVA) allows charitably inclined individuals to maintain ownership and control of PPVA assets throughout their lifetime while deferring the investment gains on those assets from taxation.
At death, if a private foundation or charity is designated as the beneficiary, deferred gains become exempt from income tax and the PPVA will not be subject to estate tax. This constitutes a tax-efficient means of giving assets away to charity without losing control during your lifetime.
Learn more about PPVA here or contact us to discuss implementing a charitable giving strategy today.