Medical Scare Leads to “Peace of Mind” Solution

Toni and Oscar Sanchez

With the income from the ownership of multiple apartment units, Toni and Oscar Sanchez were doing just fine, financially. Then, Oscar contracted pancreatic cancer, and he was given less than a year to live. 

“I had to ask myself, ‘What’s Toni going to do if I’m gone?’” Oscar said. “I don’t want her going around, collecting the rent.” 

A chance meeting led the Sanchezes to a University of La Verne planned giving seminar, where they learned about Charitable Remainder Trusts. The trust gave them a sizable tax deduction, lifetime income, and relieved them of the worries of managing their properties during a critical time of medical uncertainty. Then, instead of having to work their business, it began to work for them, providing a regular income from the proceeds. 

Fortunately, Oscar has made an amazing recovery, and, over 20 years later, the couple live happily in their beautiful Claremont home and have spent much of the past several years traveling around the world. Through their subsequent involvement with the university, Toni and Oscar have developed a love for the university’s students and a great respect for the core values that make La Verne unique.

Learn more about charitable remainder trusts.