HOW TO HELP
Charitable Lead Trust (CLT)
Charitable lead trusts (CLT) are often viewed as the opposite of a charitable remainder trust. You can transfer property to the lead trust, which pays a percentage of the value of the trust assets, usually for a term of year.
It works as follows:
- You can choose to donate cash, stocks or real estate properties to a trust.
- The trust will pay a percentage of the value of the trust assets to the Gene Therapy Institute for Hispanic Medical Research for a specific number of years.
- When the trust term is finished, the remaining assets in the trust and the growth go to your beneficiary.
The benefits of using Charitable Lead Trust donations:
- You will be eligible for charitable and estate tax deduction on the present value of assets transferred from the annuity payments to the Gene Therapy Institute.
- The income payments and the term of the trust can reduce or eliminate the transfer taxes due when the principal reverts to your beneficiary.
- All appreciation accrued in the trust goes tax-free to your beneficiary.
- You could utilize your existing estate tax credit ($2.0 million per person in 2007) for additional tax reduction on transfers to your beneficiary.
- You can enjoy the satisfaction of making a noteworthy donation to the Gene Therapy Institute.
- You transfer the management of your assets to the Institute.
For more information, please
email us
or call (530) 979-1288.