In a charitable lead trust, the lifetime payments go to the charity and the remainder returns to the donor or to the donor's estate or other beneficiaries. A donor transfers property to the lead trust, which pays a percentage of the value of the trust assets, usually for a term of years, to the charity. Unlike a charitable remainder trust, a charitable lead annuity trust creates no income tax deduction to the donor, but the income earned in the trust is not attributed to donor. The trust itself is taxed according to trust rates. The trust receives an income tax deduction for the income paid to charity.
The Oregon Charitable Inter Vivos Lead Annuity Trust (CIV LAT) is a specific type of trust established in Oregon for charitable giving purposes. It involves the transfer of assets to a trustee, who then distributes income to a designated charitable organization for a fixed period of time or until the death of the donor. Here are some relevant keywords to describe the Oregon Charitable Inter Vivos Lead Annuity Trust: 1. Charitable giving: The CIV LAT is primarily designed to facilitate charitable giving and support charitable organizations within Oregon. 2. Inter Vivos Trust: The term "Inter Vivos" refers to a trust created during the lifetime of the donor, as opposed to a testamentary trust established through a will. 3. Annuity Trust: This type of trust provides for the payment of a fixed amount of income to the charitable beneficiary annually or at regular intervals. 4. Oregon: The CIV LAT is specifically established under Oregon state laws and must comply with the relevant regulations and statutes of the state. 5. Donor: The individual or entity creating the trust and transferring assets to the trustee for the benefit of the charitable organization is known as the donor. 6. Trustee: The trustee is responsible for managing the trust, investing the assets, and distributing income to the designated charitable organization according to the terms of the trust agreement. 7. Fixed term: The CIV LAT can be structured to distribute income to the charitable beneficiary for a specified period of time, such as a specific number of years. 8. Death of the donor: Alternatively, the trust can terminate upon the death of the donor, ceasing distributions to the charitable organization. 9. Tax benefits: The CIV LAT may offer certain tax advantages for the donor, such as a charitable income tax deduction or reduction in estate taxes. 10. Charitable remainder: Unlike a charitable remainder trust where income is paid to non-charitable beneficiaries after the charitable period, the CIV LAT maintains the primary focus on benefiting the designated charitable organization. Types of Oregon Charitable Inter Vivos Lead Annuity Trusts may include: — FixeMerciaILTATARAT: Income is distributed to the charitable organization for a specific period of time, after which the assets may be distributed to non-charitable beneficiaries or returned to the donor or their estate. LicitIV LATAT: Income is distributed to the charitable organization until the death of the donor, at which point the trust may terminate or continue for the benefit of non-charitable beneficiaries. It is essential to consult with a legal and financial professional to fully understand the options, requirements, and implications of establishing an Oregon Charitable Inter Vivos Lead Annuity Trust.The Oregon Charitable Inter Vivos Lead Annuity Trust (CIV LAT) is a specific type of trust established in Oregon for charitable giving purposes. It involves the transfer of assets to a trustee, who then distributes income to a designated charitable organization for a fixed period of time or until the death of the donor. Here are some relevant keywords to describe the Oregon Charitable Inter Vivos Lead Annuity Trust: 1. Charitable giving: The CIV LAT is primarily designed to facilitate charitable giving and support charitable organizations within Oregon. 2. Inter Vivos Trust: The term "Inter Vivos" refers to a trust created during the lifetime of the donor, as opposed to a testamentary trust established through a will. 3. Annuity Trust: This type of trust provides for the payment of a fixed amount of income to the charitable beneficiary annually or at regular intervals. 4. Oregon: The CIV LAT is specifically established under Oregon state laws and must comply with the relevant regulations and statutes of the state. 5. Donor: The individual or entity creating the trust and transferring assets to the trustee for the benefit of the charitable organization is known as the donor. 6. Trustee: The trustee is responsible for managing the trust, investing the assets, and distributing income to the designated charitable organization according to the terms of the trust agreement. 7. Fixed term: The CIV LAT can be structured to distribute income to the charitable beneficiary for a specified period of time, such as a specific number of years. 8. Death of the donor: Alternatively, the trust can terminate upon the death of the donor, ceasing distributions to the charitable organization. 9. Tax benefits: The CIV LAT may offer certain tax advantages for the donor, such as a charitable income tax deduction or reduction in estate taxes. 10. Charitable remainder: Unlike a charitable remainder trust where income is paid to non-charitable beneficiaries after the charitable period, the CIV LAT maintains the primary focus on benefiting the designated charitable organization. Types of Oregon Charitable Inter Vivos Lead Annuity Trusts may include: — FixeMerciaILTATARAT: Income is distributed to the charitable organization for a specific period of time, after which the assets may be distributed to non-charitable beneficiaries or returned to the donor or their estate. LicitIV LATAT: Income is distributed to the charitable organization until the death of the donor, at which point the trust may terminate or continue for the benefit of non-charitable beneficiaries. It is essential to consult with a legal and financial professional to fully understand the options, requirements, and implications of establishing an Oregon Charitable Inter Vivos Lead Annuity Trust.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
