CHARITABLE LEAD TRUST
A charitable lead trust is a creative way to use some of your assets to fund annual gifts for your favorite charity (First Fruits Farm) for a period of years or for your lifetime. At the conclusion of this period, the assets in the trust are distributed either back to you or to beneficiaries you name, often children or grandchildren.
Besides the opportunity to make a substantial charitable gift, another advantage of this kind of trust is the opportunity it offers to pass substantial assets to a next generation with little or even no tax consequences.
A charitable lead trust is a creative way to fulfill a gift or pledge over a number of years while reducing estate and gift taxes that might otherwise be due on the trust assets if given outright to children, grandchildren, or other loved ones.
We encourage you to talk with your professional adviser on what is the best choice for you and your family.
This information is not intended as tax or legal advice.