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Nongrantor Lead Trust
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See gift diagram |
Gift Range: $100,000 and more
A nongrantor lead trust created during life does not provide the donor with a charitable income-tax deduction, but neither is he or she taxed on any of the income earned by the trust. At the end of the specified trust term, the assets remaining in the trust are distributed, usually to children or grandchildren.
The principal advantage of the nongrantor lead trust is that—because of the charitable gift- and estate-tax deduction attributable to the value of the payments Aurora Health Care is to receive from the trust—it can significantly reduce or even eliminate (depending on when it is set up), the gift and estate taxes on the value of the assets used to fund the trust. (The longer the term of the trust and the greater the amount of the payments to Aurora Health Care, the larger the charitable deduction.) In addition, any appreciation in the trust's value will avoid transfer (gift and estate) taxes when the assets are received eventually by the beneficiary(ies).
- I’d like to see the diagram of this gift
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officer about this gift plan or other options - I’d like a personal calculation of this gift
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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