Faculty Publications


Planning for Qualified and Nonqualified Charitable Lead Trusts

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The inflation adjustment of the unified gift and estate tax exemption to $5.43 million, coupled with a low interest rate environment, opens the door to yet another year for creating a qualified charitable lead trust (CLT) to transfer wealth to family and charities. For existing CLTs, the continued strong performance of the capital markets should compel trustees to evaluate the usefulness of commuting the charitable interest.