| Does the CHIRA® trigger income taxation? |
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No. The loan is an investment. It is not a gift. It is an arm’s length, interest-only secured loan bearing fair market interest. The principal amount of the loan becomes due upon your date of death. Interest payments are made on an annual basis. This activity does not trigger income taxation. |
The CHIRA® program (patent pending), copyrights and trademarks are the intellectual property of CHIRA® USA, LLC. All rights reserved. The information set forth herein does not constitute an offer to sell or a request to buy any particular investment. Any particular charitable investment contemplated by the CHIRA® should be read carefully regarding any possible risks before investing. Consult your financial advisor or tax consultant regarding tax and charitable advantages. CHIRA®USA, LLC and CHIRA® USA Financial Services, LLC reserves the right to pursue any infringer,including insurers, agents, custodians and charities, of intellectual property rights to the fullest extent of the law and in their sole discretion. All insurance products related to the CHIRA® program are marketed exclusively through CHIRA®USA Financial Services, LLC. Registered agents of CHIRA® USA Financial Services, LLC are not remunerated as a result of the issuance of the promissory note or providing investment advice related to the self-directed IRA or the note issued therefrom. PLR 200741016.
Deo Gratias
