charitable lead trust

Definition

An arrangement in which property income or investment income is given to a charity while the grantor is living, but the principal passes to other designated parties upon the grantor's death.

Use this term in a sentence

You may want to try and give out a charitable lead trust if you think the other party really needs it.

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The charitable lead trust was something that was given to others and the others were charity and everyone thought it was a good idea.

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The charitable lead trust indicated that the current income would be given to Doctors Without Borders, but would pass to his son upon his death.

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charitable remainder trust trust