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 our charities of choice, with the rest of the trust value going to our grandchildren in the future.
Cynthia: We liked the fact that our grandchildren would be well cared for and that we could see the result now of our gifts to charity.
Luke and Cynthia were also pleased to learn that taxes on the gift to their grandchildren would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income is paid to the charity, the remaining trust value would go to their family with very little tax owed.Cynthia: We liked the fact that our grandchildren would be well cared for and that we could see the result now of our gifts to 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 have questions about lead trusts, please contact us.
*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization.