There is a way to pass assets to your family with significant estate tax savings, while at the same time making a gift to fund the important work of the National Geographic Society. It is called a charitable lead trust.
After the Society receives income from assets in the trust for a period of years, the principal goes to your family, with estate or gift taxes reduced or even eliminated.
Benefits
- Can be funded during your lifetime or through your will
- Supports the Society's mission through annual payouts
- Reduces your taxable estate and potential gift taxes
- Can keep assets in your family
The lead trust is an exceptional way to transfer assets to your children or other heirs at minimal tax cost. This is ideal if you are willing to forgo investment income on an asset but don't want to force your heirs to surrender the principal. With a lead trust, you carry out your philanthropic plans over the coming years
and save on taxes.
The information on our Web site is not intended as financial or legal advice. Please consult your own qualified advisers as you consider philanthropic gifts.
