A charitable lead trust allows you to fulfill your philanthropic goals during your lifetime and gives you the flexibility to transfer wealth to future generations at significant tax savings.
Charitable lead trusts are especially beneficial if you are in high gift and estate tax brackets. By transferring assets to a charitable lead trust, a fixed amount or percentage is directed to Cleveland Clinic for the duration of the trust. The duration can be a specific term of years, or lifetime. The remaining assets from the trust pass to your beneficiaries.
Charitable lead trusts are highly flexible and can be extremely effective.
Planning Tip
Charitable lead trusts are generally used to transfer wealth to children or grandchildren by greatly reducing transfer taxes, including estate tax, gift tax and generation skipping tax. Many individuals have found charitable lead trusts to be a meaningful way to provide current and significant support to Cleveland Clinic while also reducing tax exposure.
Contact Us
For a confidential discussion about the benefits of making a charitable lead trust to Cleveland Clinic, please call Institutional Relations and Development at 216.444.1245 and ask to speak with a member of our gift planning team or email giftplanning@ccf.org
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