charitable lead trust
charitable lead trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

charitable lead trust
A kind of charitable trust. The person (grantor) who sets up the trust transfers assets to it, and income from the trust property then goes to the charity for a set period of time. Then the trust property goes back to the person who set up the trust (or another beneficiary that person named, usually the grantor's children or grandchildren). Typically, the charity serves as trustee of the charitable trust. Compare: charitable remainder trust
Category: Wills, Trusts & Estates → Estate Tax
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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