Leading for the Future
Luke: We heard that now is the best time in years to set up a charitable lead trust. We could fund the trust with cash or stock and the trust would pay income to the charity for a number of years, with the rest of the trust value going to our children in the future.
Cynthia: We liked the fact that our children would be well cared for and that we could see the result now of our gifts to our favorite charity.
Luke and Cynthia were also pleased to learn that taxes on the gift to their children would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income was paid to their favorite charity, the remaining trust value would go to their family with very little tax owed.Cynthia: We liked the fact that our children would be well cared for and that we could see the result now of our gifts to our favorite charity.
Luke: Cynthia and I found that by using a charitable lead trust, we could accomplish our goals of helping both family and our favorite charity during our lifetimes.
Is a charitable lead trust right for you?
A charitable lead trust can be an excellent part of many tax-planning strategies. If you would like more information about lead trusts, please contact us. We would be happy to assist you.
*Please note: The names and image above are representative of typical donors, not actual donors. Since your benefits may be different, you may want to click here to personalize an example of your benefits.
