A CLT Can Benefit Charity, Reduce Taxes & Transfer Assets to Heirs
A common goal of estate planning to avoid estate and gift taxes. A charitable lead trust (CLT) is one tool that can accomplish this objective. Although less familiar than charitable remainder trusts, CLTs can meet many of a donor’s tax, financial, and non-financial goals all in the context of making a charitable gift. For example, a CLT may be used to accomplish one or more of the following:
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