More examples in Estate Planning/Trusts
Charitable Lead Trust (CLT) Example
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CHARITABLE LEAD TRUST (CLT) Charity (-ies) Income
Beneficiary During
Your Lifetime Upon death,
Heirs receive
residual of trust
assets Interest
Payments
from Trust Heirs or
named
beneficiaries Income paid to the charity each year during the life of the trust When the trust terminates, the assets in the trust revert to the donor or to individuals the donor wishes to benefit Preferential tax treatment through current income tax deductions and a reduction of capital gains taxes
Beneficiary During
Your Lifetime Upon death,
Heirs receive
residual of trust
assets Interest
Payments
from Trust Heirs or
named
beneficiaries Income paid to the charity each year during the life of the trust When the trust terminates, the assets in the trust revert to the donor or to individuals the donor wishes to benefit Preferential tax treatment through current income tax deductions and a reduction of capital gains taxes