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Charitable Lead Trust
A Charitable Lead Trust provides you with a way of making a charitable contribution to the Church, while also ensuring that the property will pass on to family members at the lowest possible gift tax rate. Through this plan you place property or assets into a trust the interest or a portion of the trust to your parish, school or the Archdiocese, while at the end of the trust the remaining amount is returned or given to the individuals of your choosing, with tax advantages.
In creating a charitable lead trust you can receive the following benefits
- You are personally able to create the trust and name the trustee
- You can decide on the length of the trust
- You can name the individual(s) who will receive the proceeds from the trust upon its termination
- You will have the satisfaction of knowing that you are helping the Church to further the work of the Lord.
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If you are concerned about erosion of your estate through estate and gift taxes, a charitable lead trust may be a worthy consideration. For more information, please contact the Office of Development.
Note: All information concerning estate planning options is for informational purposes only. We recommend you contact a local attorney specializing in estate planning for information regarding your particular situation or to make changes to your current estate documents.
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