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CLT |
Also found in: Financial | 0.01 sec. |
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? References in periodicals archive |
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While charitable lead trusts (CLTs) first make a stream of payments to one or more charitable beneficiaries, then leave remaining trust assets to non-charitable beneficiaries, charitable remainder trusts (CRTs) do the opposite. A Charitable Lead Trust fund provides for a regular, fixed amount to be paid to a fund or charities of your choosing for a specific number of years, after which, the remainder of the trust passes to your designated heirs or other beneficiaries. Another example is a charitable lead trust, which allows the wealthy to give an allowance to their children, written off as donations rather than income. |
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