Friday, February 20, 2015

How charitable lead trusts can direct your wealth to your beneficiaries - Estate Planning



A Charitable Lead Trust (CLT) is the opposite of the Charitable Remainder Trust (CRT) in that its income is paid to a charitable beneficiary for a term of years. At the expiration of the term, if the return on trust assets exceeds the Section 7520 rate ( which is currently very low), any assets remaining in the trust pass to non-charitable “remainder-men” like a grantor’s children (or to trusts for their benefit). As an example, Mike demonstrates how you can direct your own “Social Capital” by having your children carry-on your charitable intent with funds that would have gone to the IRS. This is an excellent episode using donor advised funds and/or family foundations.

Syndicated financial columnist and talk show host Steve Savant interviews author, speaker and frequent media guest Mike Kilbourn, CLU, ChFC, CCIM, AEP, MSFS. This is episode 5 of 5 in the series, Estate Planning Update for 2015. Mike's book Disinherit the IRS is a staple in estate planning circles and is in it's second edition. Mike is also the founder and chairman of the Wealth Protection Network®, a national network of estate planning professionals that work in concert create and manage comprehensive estate plans.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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