A charitable lead trust (CLT) is often described as the reverse of a charitable remainder trust because the interests going to the charitable and non-charitable beneficiaries in a CLT are the opposite of a CRT.

With a CLT, you transfer assets to the trust, which pays the Foundation an income stream for a period of time. When the period of time you specify ends, the remaining trust property returns to you or goes to your heirs – your spouse, children, grandchildren, or anyone else you name in the trust.

The lead trust is an excellent means for transferring assets to family members at a future time and avoiding substantial estate or gift taxes while making this transfer.