A Charitable Lead Trust (CLT) is often called the opposite of a charitable remainder trust. The income from the CLT is paid to the charity for a specified period of time (number of years or the lifetime of an individual). When the CLT terminates, the CLT's assets are passed to individuals named by the donor. Suitable for wealthy individuals who wish to make a significant gift to The Trustees of Reservations, the CLT enables a donor to make such a gift and still preserve assets for heirs. The CLT can be an effective estate planning tool, and offers the donor potential gift and estate tax benefits. For further information about a Charitable Lead Trust, please contact:
Kathryn M. Spellman
Director of Major & Planned Gifts
Doyle Conservation Center
464 Abbott Avenue
Leominster, MA 01453
978.840.4446 x1961
kspellman@ttor.org