Charitable Lead Trust (CLT)
Like a Charitable Remainder Trust (www.palmhealthcare.org/charitable-remainder-trust), the Charitable Lead Trust can be established to pay-out a percentage or fixed dollar amount of the fair market value of the trust. Unlike the CRT, the Charitable Lead Trust provides the Foundation with income for a term of years or for the life of one or more individuals. At the end of the term of the trust, the principal of the trust is returned to you or your family. This vehicle allows the donor to enjoy substantial tax benefits without forfeiting trust principal. The Charitable Lead Trust is an excellent planned gift option for high net worth individuals who anticipate high federal gift and estate taxes.