Viewers who are concerned about their heirs receiving a large inheritance at too young an age sometimes find the charitable lead trust to be a useful estate planning strategy. It has the effect of making certain assets accomplish two objectives. First, the assets provide important funding for our programming. Then, they are passed along to heirs at a time when these family members are able to use the assets to best advantage.
You Decide When it all Begins
This trust provides funding for OETA either immediately, if you create it during your lifetime, or beginning at your death if you establish it as a testamentary trust. Either type of lead trust offers you a good way to carry out your philanthropic plans over the coming years and save on taxes. Plus, you keep ultimate control of the trust assets within the family.
The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost because a charitable gift/estate tax deduction is allowed for the value of the payments received by OETA.
You Decide Who Gets What..and When
The charitable lead trust has a couple of different versions. This allows you to structure the arrangement in a way that meets your specific objectives. You decide how much is paid to OETA, and for how long these payments are made. You also select the individuals who will be receiving the assets in the future, and when they will get them. If you are not sure about the ultimate destination of the trust assets at the time you create the lead trust, you can designate someone to make the decision for you when the time comes.
To Learn More
Estate plans should be made with your financial advisor. OETA Foundation will be happy to work with you and your professional advisor to discuss the benefits of the plans listed here and how they can work for you. Please contact us anytime.
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