A charitable lead trust (CLT) can prove to be a guard against sudden wealth causing familial harm. It provides a tax-efficient tool with a built-in waiting period that manages the influx of wealth over time and allows the business owner and their family to engage in creating charitable impact that can bring generations together in doing good.

A charitable lead trust (CLT) can build an “impact first” strategic legacy that allows you to support the causes you love in the present while providing for your heirs in the future. By structuring your CLT, you can also claim various tax advantages depending on what is most important to you.

Thoughtful charitable giving and estate planning requires a decision on what type of legal structure to put in place to manage your giving in the present and on into the future. An irrevocable charitable trust may prove to be an ideal device. Understanding the benefits they offer and the differences between the two main types are an important part of the decision-making process. Which charitable trust is right for you? The Benefits of Charitable Trusts Charitable trusts provi