Help Us Out Now, Provide for Your Family Later With a Charitable Lead Trust
If you have children or grandchildren, you've likely thought about ways you can help make sure their financial futures are secure. But have you considered ways you can also do the same for your favorite charity? Discover the charitable lead trust—the solution to accomplishing both.
The basics. You transfer cash or assets that are appreciating in value to a charitable lead trust you create with the intention of supporting us first and then returning the remaining assets to your family. It's a tool that helps preserve family wealth.
The major benefits to you. You can transfer assets to family members in the future with very little gift or estate tax costs today. This type of charitable lead trust can also provide you with a gift tax deduction—but not an income tax deduction.
Other considerations. Evaluate how the legal, financial and personal aspects of establishing a charitable lead trust will affect your situation. You may find that such a trust represents one of the best ways to plan a deferred transfer of assets to your children or grandchildren while helping us now.
For more information about this tax-savvy charitable gift, contact Andrew Morrison at 617-371-2723 or 1-800-776-9326 ext. 2723 or AAMorrison@OxfamAmerica.org. We would be happy to work with your legal and tax advisors to make your dreams a reality.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.