Gift Planning

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Larry and Carol Uebner: Adding More Income to Retirement Years

For Larry Uebner and his wife, Carol, the term ‘investment’ can mean many things. “After 28 years working in banking, I learned there are different ways of investing, and different kinds of returns. For example, I consider the donations we make to charities as investments. Our return is witnessing how our gifts make a difference in our community,” says Larry.

The Uebners also invest their time by volunteering for several charities, including the Nebraska Humane Society, Omaha Sister Cities Association and Methodist Hospital Foundation. Larry began serving on the Foundation’s Board of Directors in 1989, nine years before he retired. Since that time he has served as President and Treasurer. Today Larry lends his financial expertise to the Foundation three days a week.

“After retirement, you’re always looking for ways to add to your income. I learned about Charitable Remainder Unitrusts (CRUTs) through my volunteer work at Methodist Hospital Foundation,” Larry explained.

Larry and Carol owned residential rental property that was fully depreciated, therefore creating a lower return on investment. To avoid capital gains and to replace the income from the real estate, Larry established a CRUT and achieved important financial goals for his retirement years:
  • Continued cash flow
  • A good federal tax deduction for his contribution
  • Avoidance of capital gains tax • Qualified for the Nebraska State Tax Credit (Endow Nebraska)
  • No more headaches of managing real estate
  • Ability to split the CRUT among charities, including Methodist Hospital Foundation
Larry says, “I believe this kind of trust provides a greater return for the charity and for us, because the payout amount is based on the value of the investments and is re-established every year. Over the long term, the equity market should provide the greatest gain in value over the years. With a charitable gift annuity, the payment is fixed for the rest of your life.”

If you are interested in establishing a CRUT, please contact your financial advisor. You may also call Methodist Hospital Foundation at (402) 354-4825 for more information.


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