The Charitable Lead Trust

Doing so will provide immediate support to benefit a charitable organization such as ours. Meanwhile, you will have reduced your taxable estate and property kept by your family, often with reduced gift and estate taxes, and provided a means for your heirs to receive future financial benefits. Here's how it works: 1. You give assets to an irrevocable trust that pays a charitable organization a fixed payment for a term of years you select or for a person's life. 2. When the trust term ends, individuals ("remainder beneficiaries") receive whatever remains in the trust ("remainder interest"). 3. You select the charity, determine how much it receives and choose the remainder beneficiaries.