What does Charitable Lead Trust mean? Read on to discover the definition & meaning of the term Charitable Lead Trust - to help you better understand the language used in insurance policies.
Charitable Lead Trust
A charitable lead trust refers to a situation in which the income of a trust is given to a charitable institution, whether public or private, for a specific number of years. After that period, the remaining income goes back to the owner of the trust or its beneficiaries.
We hope the you have a better understanding of the meaning of Charitable Lead Trust.