A charitable lead trust (CLT) is a trust where assets are transferred to a trust for the benefit of a charitable entity. The CLT then makes payments to one or more charities for fixed duration of time or for the lifetime of a selected individual. When the CLT’s term ends, the remaining assets are transferred…
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A charitable remainder trust or (CRT) is a type of irrevocable trust that allows the person who creates it (called the “Grantor”) to receive income from the trust and even split the income with other beneficiaries for a period of time. After the period expires, the assets that remain in the trust are gifted to…
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