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Dennis and Nile Gerbaz
Dennis and Nile Gerbaz, lifelong residents of Carbondale, Colorado, became MSLF clients when the federal government ordered them to appear in court to pay fines of $45 million dollars each for moving the Roaring Fork River off their ranch land and back to its historic river channel. After years of litigation, that matter was settled and Dennis and Nile Gerbaz became stanch supporters and friends, a friendship that lasted almost two decades.
When Nile died, MSLF learned that it was named in his charitable remainder unitrust. Last year Dennis died; he also named MSLF in his trust. Dennis and Nile knew that MSLF will use their gifts to fight to right future wrongs, as it did for them. After three decades of fighting historic, nationally-significant, precedent-setting legal battles, MSLF has learned one thing: the fight for constitutional liberties and the rule of law is one that never ends and never will end. America's Founding Fathers knew it well; those who love liberty have learned it, often the hard way, that is, by being forced to defend their rights in court.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to MSLF as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to MSLF as a lump sum.