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 the information and distributes income to you. Following are just some of the personal benefits to you when you set up a trust:

Receive income from the trust assets.
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.
Make an impact on one or 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. A development associate from Lutheran Social Services can help provide you with samples to help determine the best way to blend your own personal needs with your philanthropic wishes.

Please consult with your legal and tax advisors when considering a charitable remainder trust.

Resource Development
Heidi Schultz, Vice President, Resource Development
705 East 41st Street, Suite 200
Sioux Falls, SD 57105
1-605-357-0103
1-800-568-2401 Ext. 103
Fax: 1-605-357-0140
Email: Heidi Schultz