Making Charitable Lead Trusts Work for You

by Matthew Howley

What is it?

A charitable lead trust is a trust with both charitable and noncharitable beneficiaries. It is called a lead trust because the charity is entitled to the lead (or first) interest in the trust asset, and the noncharitable beneficiary receives the remainder (or second-in-line) interest. The operation of a charitable lead trust is almost the opposite of a charitable remainder trust. Every year during the tru...

Read full article