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A charitable lead trust is a vehicle for transferring substantial assets to your children or others while minimizing transfer taxes. By permitting the income from those assets to go to a charitable institutions like the University of Michigan for a period of time gift and estate taxes may be greatly reduced. The annual distributions are available to the charity immediately. At the end of the trust period, the remaining principal is distributed as you directed to your chosen beneficiary(ies), usually your children or grandchildren.
To learn more about charitable lead trust and other planned giving opportunities, please visit the University of Michigan planned giving web site by clicking here.
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