A charitable lead trust is a split interest gift between a non-charitable beneficiary and a charitable beneficiary. Here, the charity has the first or lead interest and the noncharitable beneficiary has the remainder interest. The charity is paid a certain amount every year for the term of the trust, and then the remaining assets pass to the noncharitable beneficiary at the end of the trust term.
For further information
Ash Robinson at 801-977-0444 arobinson@globusrelief.org