Would You Benefit From a Split Interest Income Trust?

If you have a high income, are selling appreciated assets or won the lottery, a split interest income trust could be a boon to you and a designated charity.

A piggy bank sits among the segments of a colorful pie chart.
(Image credit: Getty Images)

The combined marginal tax rate for California residents can now exceed 50%. The residents of Hawaii, New York, New Jersey, Oregon, Minnesota, District of Columbia, Vermont and Iowa all have combined marginal tax rates that exceed 45%.

Taxes on capital gains can take one-third or more of sale proceeds. Every dollar of tax savings that is invested can produce a lifetime return on investments for the family.

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John M. Goralka
Founder, The Goralka Law Firm

Founder of The Goralka Law Firm, John M. Goralka assists business owners, real estate owners and successful families to achieve their enlightened dreams by better protecting their assets, minimizing income and estate tax and resolving messes and transitions to preserve, protect and enhance their legacy. John is one of few California attorneys certified as a Specialist by the State Bar of California Board of Legal Specialization in both Taxation and Estate Planning, Trust and Probate.