A Legacy Shared & Redoubled
Charitable Lead Trusts lower your estate taxes rather than pay you income. Your lead trust benefits Foxcroft while increasing your family's inheritance by reducing estate taxes.
To create a lead trust, you place income-producing property in a trust that uses the property's income to make several years of payments to a charity like Foxcroft.
These charitable payments entitle you to a substantial estate tax deduction, thus reducing taxes on the property that is transferred to your family's beneficiaries at the end of the trust term. Your chosen beneficiaries inherit the property is not needed by you or your family. Unlike CRTs, lead trusts are subject to capital gains tax on the sale of assets. Charitable lead trusts are complicated legal entities that require careful consultation with expert counsel. Nonetheless, with good legal counsel, a lead trust can sometimes be central to your legacy plans for your family and Foxcroft.