Business owners with charitable inclinations often seek to reduce or, in some cases, eliminate estate taxes by bequeathing business interests to private foundations or charitable lead trusts
Charitable lead trusts
also may be used to accelerate charitable deductions for a client while creating a future benefit for a beneficiary.
With charitable lead trusts
, a portion of the trust income is donated to specified charities and then, after a certain period of time, the remainder of the trust is transferred to the beneficiaries, and any appreciation on the value of the assets is free of either gift or estate taxation.
For those individuals who are charitably inclined, charitable remainder trusts and charitable lead trusts
are excellent planning tools and should be considered.
There were 6,498 charitable lead trusts
with total assets of $23.
3,4) Split-interest trusts include three distinct types: charitable remainder trusts, charitable lead trusts
, and pooled income funds.
nongrantor charitable lead trusts
(CLTs); however, the new
adding that Charitable Lead Trusts
have been the fastest growing type of charitable trusts.
A less generous exclusion amount will act as a brake on such lifetime gifting techniques as charitable remainder trusts and charitable lead trusts
With more than a decade of experience, Lawton has prepared traditional and complex wills, guardianship avoidance documents, and revocable and irrevocable trusts, including intentionally defective grantor trusts, grantor retained annuity trusts, life insurance trusts, charitable lead trusts
, and charitable remainder trusts.
There are also many estate planning techniques that can enhance this opportunity such as grantor retained annuity trusts, family limited partnerships, charitable lead trusts
, and sales to family trusts.
Starting with the Tax Facts Online List of Questions, under the heading Charitable Gifts, you'll note that questions 7837 and 7838 discuss charitable lead trusts