A trust is a great way to ensure lifetime income for you and make charitable gifts at the same time.

A trust simply is a written agreement between you and the trustee of your choice. The trustee agrees to hold and manage the assets you decide to place in the trust, which can be cash, securities or other property. The trustee collects income from those assets, records it and distributes it to you. Here are just some of the personal benefits to you when you set up a trust:

• You receive the income from the trust assets.

• You turn the burden of investment management over to a professional trustee and money manager.

• If you become incapacitated, income can be paid for your benefit.

• You can make an impact on one ore more of your favorite charities by naming them as beneficiaries.

• Your trust assets can avoid probate, ensuring privacy and reducing probate costs and delays.

There are many types of trusts. While an attorney should draft proper documents, a Development Associate from Lutheran Services Florida can help you explore the best ways to blend your own personal needs with your philanthropic wishes. For more information, email FundraisingManager@LSFnet.org or call 813-676-9505.