A Grantor Charitable Lead Annuity Trust (CLAT) is an irrevocable split-interest trust that provides for a specified amount to be paid to one or more charitable beneficiaries during the term of the trust. The principal remaining in the trust at the end of the term is paid over to, or held in a continuing trust for, a non-charitable beneficiary or beneficiaries identified in the trust. If the terms of a CLAT created during the donor's life satisfy the applicable statutory and regulatory requirements, a gift of the charitable lead annuity interest will qualify for the gift tax charitable deduction under § 2522(c)(2)(B) and/or the estate tax charitable deduction under § 2055(e)(2)(B). In certain cases, the gift of the annuity interest may also qualify for the income tax charitable deduction under § 170(a). The value of the remainder interest is a taxable gift by the donor at the time of the donor's contribution to the trust.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is a specialized type of trust established in the state of Texas which allows the granter to make charitable contributions while retaining some financial benefits. This trust can be part of an individual's estate planning strategy and is utilized to support charitable organizations and causes dear to the granter's heart. One type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is the Charitable Lead Annuity Trust (FLAT). With this trust, the granter transfers assets to the trust and selects a charitable organization to receive annual payments from the trust during a predetermined period of time. At the end of this period, the remaining assets in the trust are typically passed on to non-charitable beneficiaries, such as family members or other designated individuals. By utilizing a FLAT, the granter is able to support charitable endeavors while potentially reducing estate taxes, as charitable contributions may be deducted from the granter's taxable estate. Another type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is the Charitable Lead Unit rust (CLUB). Similar to the FLAT, this trust also provides income to a charitable organization for a specific time period. However, the annual payments from the trust fluctuate based on the valuation of the trust's assets each year. This type of trust may provide more flexibility compared to a FLAT as the payments are based on a percentage of the trust's annually determined value. Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trusts are most commonly used by individuals who have a strong desire to support charitable causes while minimizing their estate tax burden. These trusts can help ensure that a portion of the granter's wealth benefits organizations and initiatives they are passionate about, while also benefiting their loved ones. It is important to consult with an experienced attorney or financial advisor specializing in estate planning to determine the most suitable type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust based on individual circumstances.Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is a specialized type of trust established in the state of Texas which allows the granter to make charitable contributions while retaining some financial benefits. This trust can be part of an individual's estate planning strategy and is utilized to support charitable organizations and causes dear to the granter's heart. One type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is the Charitable Lead Annuity Trust (FLAT). With this trust, the granter transfers assets to the trust and selects a charitable organization to receive annual payments from the trust during a predetermined period of time. At the end of this period, the remaining assets in the trust are typically passed on to non-charitable beneficiaries, such as family members or other designated individuals. By utilizing a FLAT, the granter is able to support charitable endeavors while potentially reducing estate taxes, as charitable contributions may be deducted from the granter's taxable estate. Another type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust is the Charitable Lead Unit rust (CLUB). Similar to the FLAT, this trust also provides income to a charitable organization for a specific time period. However, the annual payments from the trust fluctuate based on the valuation of the trust's assets each year. This type of trust may provide more flexibility compared to a FLAT as the payments are based on a percentage of the trust's annually determined value. Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trusts are most commonly used by individuals who have a strong desire to support charitable causes while minimizing their estate tax burden. These trusts can help ensure that a portion of the granter's wealth benefits organizations and initiatives they are passionate about, while also benefiting their loved ones. It is important to consult with an experienced attorney or financial advisor specializing in estate planning to determine the most suitable type of Dallas, Texas Inter Vivos Granter Charitable Lead Annuity Trust based on individual circumstances.
