Charitable Remainder Trusts

A trust is an arrangement in which you place money or property with a trustee, with instruction to pay someone (probably yourself) income, generally for life. The income will be a set percentage of the trust’s value. When the person receiving the income dies, the property remaining - the "remainder" - passes to Whidbey Presbyterian Church.

By designating Whidbey Presbyterian as the remainder beneficiary, you’ll provide yourself with an income tax charitable deduction.