Net Income Make-up Unitrust & Tax Savings

Jim and Jenny Gold, both age 68, own a second home in Michigan that they no longer use. With their children now married, the Golds now rarely use it and it sits empty much of the year. They bought the home twenty years ago for $150,000 and it has now appreciated to $1,000,000. They had considered selling the home but shied away because of the $164,000 capital gain tax. Learn how a NIMCRUT provided tax-savings, life income and charitable donations.