“Give It Twice” Trust

A “give it twice” trust, formally known as a testamentary charitable remainder unitrust, is a perfect way to support your family and Texas A&M University after your lifetime.

This gift provides a stream of annual payments to your loved one(s) for a predetermined length of time, while the remainder of the trust will support the Aggie students, faculty or programs you are passionate about.
 

How It Works:

You can include provisions in your will or living trust to create a “give it twice” trust, often by naming the trust as the beneficiary of your retirement assets.

After your lifetime, the assets will be transferred to the trust, and your spouse, children or other beneficiaries will receive annual payments of a set percentage for their lifetimes or a period of up to 20 years.

After this time, the remainder of the trust will pass to the Texas A&M Foundation to benefit Texas A&M University however you wish.

Benefits:

• You can help your heirs make the most of their inheritance by providing payments at a set rate that you choose. Studies have found that many children learn to be more responsible with inheritances paid over time rather than those given as a lump sum.
• You keep your assets during your lifetime.
• You could receive an estate tax charitable deduction.
• You can easily make changes to your gift if your circumstances change.
• You support Texas A&M!

Learn More:

Watch this helpful video to learn more about how “give it twice” trusts pay you for giving back.

Connect With Us:

We are happy to answer any questions you have about “give it twice” trusts and how you can best utilize this method based on your situation.