This is an especially opportune time for individuals who are “wealthy” (defined soon—in a gift and estate tax context) and charitably minded to create charitable lead annuity trusts. Reason: the confluence of historically low IRC §7520 rates, decreased market values in some cases, and the gift and estate tax “definition” of wealthy.

Who creates a CLAT? An individual who wants to benefit a charity now and make a gift to family members at the end of charity’s upfront (lead) interest at greatly reduced (and sometimes zero) gift or estate tax cost.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]