charitable lead trust

A charitable lead trust is a financial arrangement where a set amount or a percentage of the trust's assets is paid annually to a charity for a specific period. After that period, the remaining assets in the trust go to chosen non-charitable beneficiaries, like family members or a foundation. This setup can provide immediate tax benefits, support charitable causes, and help efficiently transfer wealth across generations. It’s often used by individuals looking to support charities while also managing estate and gift taxes.