Legacy Planning

The Charitable Lead Trust is a type of charitable trust that can reduce or virtually eliminate all estate tax on wealth passing to heirs. This trust grants a charity or charities the first or “lead” right to receive a payment from the trust for a set number of years. At the end of the term, the remaining assets pass to non-charitable trust beneficiaries such as children and grandchildren, free of estate and gift tax.

Although the Charitable Lead Trust is a complex estate planning strategy, the steps you’ll take to implement it are simple: just tell us to get started. We’ll give you step-by-step instructions for selecting the charitable beneficiaries and we’ll handle the remaining details.

Another popular option to limit your estate tax liability is the creation of a Private Family Foundation, a separate entity that you privately fund. These funds are created specifically to financially support various charitable causes. If you appoint yourself trustee of the foundation, you can monitor and direct the assets to certain charitable organizations.

Talk to us today about creating a Charitable Lead Trust or a Private Family Foundation as well as other ways to leave a charitable legacy.