| Charitable Lead Trust |
This specialized trust, which is irrevocable, is used to reduce income taxes in a year with unusually high income. Provided very specific requirements are met in the language and structure of the trust, the grantor can take a tax deduction for the value of the annuity or unitrust interest given to a charity in trust with the remainder either coming back to the donor or to a non-charitable beneficiary. This trust can be used to benefit a charity, to reduce income taxes, or to defer distribution to a non-charitable beneficiary because the beneficiary is too young. |
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| Estate Planning & Asset Protection |
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