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Charitable Lead Trust

Financial DictionaryUNODC Money-Laundering Terms Dictionary
A trust established for the benefit of a charitable organization under which the settlor receives income from an asset for a set number of years or for the life of the settlor. Upon termination of the trust, the asset reverts to the settlor or designated heirs. This type of trust reduces estate taxes and permits heirs to retain control of the assets in the trust.
Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.
Financial DictionaryMutual Fund Dictionary
Legal document used to avoid estate taxes, in which the charity receives the investment income and the principal goes to the trust beneficiaries when you die.
See also: S&P Phenomenon , Z score , LACI , YDNT , GAF

 

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List of Terms: Terms beginning with "A", Page 1

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 7 8 9
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A: Page 1 of 129.

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A-D
A.I.B.D.
A S
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AAC
AACB
AACE
AACS
AAE

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