Charitable Lead Trust
This (CLT) is the reverse of CRT. Assets are transferred to an irrevocable trust with a provision that the trust principal reverts to the donor or another beneficiary after a certain period of time. The charity receives income from the trust. The donor receives an immediate income tax deduction for the present value of the income interest given to the charity. However, the donor must pay income tax on the income from the trust in later years. CLT transfers the assets to beneficiaries at reduced transfer tax cost while locking in the value of the assets. CLT makes sense if the investment return of the tax savings from the immediate deduction offsets the trust income taxable in later years.
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Bankruptcy
Business Organizations
Business Torts
Commercial Law & Contracts
Debtor/Creditor
Intellectual Property
Mergers & Acquisitions
Science, Computers, & Tech
Wills & Trusts
Estate Planning In San Jose |
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We take pride in providing personalized legal services for your individual or business needs. Our practice includes: business start up and funding, business buying and selling, business succession planning, business reorganization, estate planning, power of attorney, end of life decisions, lawsuit protection and debt settlement or consolidation. We are also intellectual property attorneys with experience in electrical, software, mechanical and biotech technologies.
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