Charitable Lead Trust

If you wish to make a substantial gift to the Foundation over a period of years while ensuring that your property will ultimately return to you and your estate, the lead trust may be an appropriate charitable giving instrument for you.

Advantages:
- Obtain current tax deductions based upon annual payments to the Foundation.
- Income each year to the Foundation is tax exempt.
- Upon death, or after a set period of years, the assets return to you, your estate or your designated beneficiaries.
- This guarantees protection of assets to be passed on to your heirs, children or grandchildren.

AN EXAMPLE OF A CHARITABLE LEAD TRUST

Gerald was with a large amount of assets when his wife of 42 years passed away. He has four grandchildren, ages 8-19. His two daughters were provided for in his wife’s will. Gerald’s estate will owe a significant amount of estate tax upon his death. After consulting with his financial advisor and lawyer, Gerald decides to create a lead trust that will pay the Foundation an annual sum for 15 years, and then pass to his grandchildren largely free of estate taxes.

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