May 1, 2025
Charitable Lead Annuity Trusts
A CLAT is infrequently used in estate planning because of the cost and complexity associated with administering an irrevocable trust. In addition, CLATs are normally only used by wealthy individuals who are very charitably inclined through annual gifts and donations. If the currently high applicable exemption amounts persist going forward, few individuals will be CLAT candidates, unless they have already fully used their available applicable amounts and they still wish to transfer more wealth to their heirs gift or estate tax-free, probably through testamentary CLATs.
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