Charitable Lead Trust
The whole idea of a charitable lead trust is to reduce taxes upon the estate left by the deceased. This is done by donating to charities from the estate until all taxes are reduced. Once this is accomplished, the estate is then transferred to the beneficiaries, who typically will face lower taxes.
Many different organizations offer information regarding the set-up of these types of trusts. Examples are universities, colleges, and non-profit societies.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
charitable lead trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable lead trust … Law dictionary
charitable remainder trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder trust … Law dictionary
charitable remainder trust — An irrevocable trust that pays income to a designated person or persons until the grantor s death, when the income is passed on to a designated charity. A charitable lead trust by contrast allows the charity to receive income during the grantor s … Financial and business terms
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charitable trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable trust n … Law dictionary
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