Charitable Lead Trust

A Charitable Lead Trust (CLT) is often viewed as the opposite of a Charitable Remainder Trust. The trust pays a percentage of the value of the trust assets, usually for a term of years, to the University of Idaho. At the end of the term, the trust is terminated and the remaining assets are distributed to designated heirs. The gift tax is greatly discounted at the outset, and any growth in the trust is passed to the beneficiaries, gift and estate tax-free.