Joseph Samaritano ’91
Director of Gift Planning
Easton, PA 18042
Goal: To make a substantial gift to Lafayette while receiving tax benefits in the process of passing assets to your heirs.
Minimum Gift: $500,000
A charitable lead trust (CLT) is a great estate planning tool for an individual working on the distribution of a sizeable estate who is concerned about the significant estate taxes to which assets will be subject.
Generally a CLT is regarded as the opposite of a charitable remainder trust.
Start with a $1,000,000 trust with a 5% payout and a 10-year term.For 10 years, Lafayette College would receive $50,000 per year to support the campus program or programs of your choice.
When the trust is terminated, the remaining assets in the trust can be passed to your heirs with significant tax benefits.
Due to the complex nature of a charitable lead trust, contact us to arrange for a meeting or phone call for more details.
This information is not intended as tax, legal, or financial advice. Gift results may vary. Consult your personal adviser for information specific to your situation.