Heard on the Web: Charitable Lead Trusts Draw Renewed Interest
Summary
Writing for the New York Times, Paul Sullivan discusses how the $5 million gift- and estate-tax exemption combined with historically low interest rates are driving renewed interest in the use of charitable lead trusts to transfer wealth and accomplish family philanthropy objectives.
From the New York Times:
A Trust Surges, Heirs and Taxes in Mind, but Mind the Details
"JACQUELINE KENNEDY ONASSIS is remembered for many things — as a first lady, a preservationist, a fashion icon. But her legend stands tall in a far more esoteric realm: her will is revered in the world of trusts and estates, too.
A feature of it that is coming back into vogue is the charitable lead trust...." [more]
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