Heard on the Web: Charitable Lead Trusts Draw Renewed Interest

Heard on the Web: Charitable Lead Trusts Draw Renewed Interest

News story posted in Charitable Lead Trust on 11 August 2011| 1 comments
audience: National Publication | last updated: 11 August 2011
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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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Re: Heard on the Web: Charitable Lead Trusts Draw Renewed ...

If I am not mistaken, Mrs. Onassis' family had the ability to opt out of that CLT and did so.

J. Wilton
The New York Community Trust

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