Charitable Lead TrustWhat is a Charitable Lead Trust (CLT)? A charitable lead trust, the inverse of a charitable remainder trust, is an irrevocable trust that generates a potential income stream for charity, with the remaining assets eventually going to family members or other beneficiaries. It is an attractive option for both donor and charity in that it can generate generous income for the charity, and still result in an inheritance for the donor’s heirs. Is establishing a Charitable Lead Trust right for you? If you answer yes to any of these questions, a charitable lead trust could be right for you:
- Do you have significant wealth that you would like to benefit both charity and your heirs?
- Would you like to maximize tax benefits to your heirs upon inheriting your estate?
- You do not need income from the investment during your lifetime.