When you set up a charitable lead trust and make a donation of your assets to the trust, the trust will first try to invest the asset in whichever way possible. When this investment is done, the charitable lead trust will then donate to charity whatever returns are obtained on these investments. The charitable lead trust can be set up for a particular period of time. When this period is over, the assets will be returned to you, and you will once again become the rightful owner of the property. If you make this as a lifelong trust, or if you die before the expiry of the term, then the assets are returned to your heirs.
What Is The Concept Of Charitable Lead Trusts?
December 27th, 2007 | Finance :: Tax