Give It Twice Trust

A “give it twice” trust allows you to leave a legacy gift to loved ones and causes you care about.

A “give it twice” trust is funded through your will or trust after your lifetime and provides payments to your loved ones for a term of years or their lifetimes. After the term, what remains in the trust is given to the Allentown Symphony.

Six Advantages of a “Give it Twice” Trust

• Control and access to assets. The trust is created and funded after your lifetime, so you have complete control and access to your assets during your life.
• Support loved ones: You can provide a stream of income to a surviving spouse, child, relative or other loved ones during the life of the trust. Studies of inherited wealth have shown that many children spend lump sum inheritances quickly, whereas they learn to be more responsible with inheritances paid out over time.
• Professional management: Assets are professionally managed in the trust, removing that burden from your loved ones.
• Flexibility in estate planning: You control the amount given to fund the trust, while retaining the flexibility to distribute other items of your estate as you wish.
• Favorable tax benefits: There is an estate tax deduction for the charitable gift. Additionally, “give it twice” trusts funded with retirement accounts and other assets containing tax-deferred income are received into the trust without taxation.
• Supports the Allentown Symphony: At the end of the trust term, the remaining assets in the trust are given to Allentown Symphony for the purpose you specify.

Questions?

Contact Lori Davis at 503-803-3101 or at LDavis@AllentownSymphony.org.