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Glossary > C > "Charitable Lead Trust" Definition

Charitable Lead Trust

A trust designed to reduce beneficiaries" taxable income by first donating a portion of the trust"s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

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Charitable Lead Trust - A trust designed to reduce beneficiaries" taxable income by first donating a portion of the trust"s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.

Charitable Lead Trust : a trust designed to reduce beneficiaries" taxable income by first donating a portion of the trust"s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.