Charitable Lead Trust

The Charitable Lead Trust allows you to generate benefits for you, your family and for Daemen.  This particular tool has many options and requires the guidance of your professional advisors.

 

 

With the non-grantor Charitable Lead Trust you transfer assets valued at $500,000 or more irrevocably to a trust.  You choose the term and other specifications.  A fixed percentage of the trust’s initial or annually determined value is paid to Daemen.   When the trust term ends, the remaining assets, plus any appreciation, returns to you or to your designated heirs.

 

 

Benefits include:

 

  • The taxable value of the gift is offset by a deduction for the present value of the payments that will be made to Daemen.
  • The taxable value of the gift to your heirs is reduced or discounted, because your heirs will not actually receive it until some time in the future.
  • The charitable deduction combined with discounting can reduce or even eliminate gift taxes on the gift made to your heirs.
  • Income earned from trust assets is not included in your taxable income.
  • Any appreciation in the value of trust assets will pass to your heirs free of gift and estate tax.
  • The charitable payments from the trust will fund current projects and scholarship at Daemen.

 

The information in the Web site is not intended as legal advice.  For legal advice, please consult an attorney.

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