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.
Mesa Arizona Charitable Inter Vivos Lead Annuity Trust
Category:
State:
Multi-State
City:
Mesa
Control #:
US-00617BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
