Advanced Estate Planning for Charitable Giving​
Donor-Advised Funds are one of the most popular giving vehicles in philanthropy today. As a global provider of Donor Advised Funds, GlobalTrust Funds can help you meet your philanthropic vision by custom tailoring a fund according to your wishes. We work with donors, advisors, financial institutions and foundations to help fulfill your philanthropic goals and provide an enduring legacy for generations to come.
Trust Planning: A Key Component of a Successful Giving Strategy
Charitable Trusts
Charitable Trusts are trusts designed to facilitate charitable giving. They are often used in Advanced Estate Planning to fulfill charitable wishes and lower the taxable estate. The best known types of charitable trusts are: Charitable Lead Annuity Trusts, Charitable Lead Unitrusts, Charitable Remainder Annuity Trusts, and Charitable Remainder Unitrusts. When incorporated into a robust estate plan, Charitable Trusts play a key role providing enhanced benefits to the donor, and establish an enduring legacy of generosity.
Charitable Lead Trust
A Charitable Lead Trust (CLT) is an irrevocable trust that provides a stream of payments to one or more charitable organizations for a specified term. The remaining assets eventually return to family members or other non-charitable beneficiaries. CLTs are used to reduce taxes owed on highly appreciated assets by providing a charitable benefit during the life of the donor.
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is an irrevocable trust that allows the donor to gift assets to charity and convert highly appreciated assets into lifetime income. The annual distribution from a CRT can be a percentage of the annual value of the principal or a set percentage of the initial amount used to fund the trust.Â
At the end of the trust term, the remainder interest is distributed to the qualified charitable organizations specified in the trust documents.
Special Needs Trusts
A Special Needs Trust (SNT) is a type of trust designed to help meet the needs of individuals or loved ones with special needs due to advanced age or disability. The most common types are First-Party Special Needs Trusts, Third-Party Special Needs Trusts, and Pooled Special Needs Trusts. Each of these trusts serves a specific function and can be used to protect eligibility for means-tested government programs. Other types of asset protection trusts may also be used for long-term care planning.