charitable lead unitrust
A term to know.
A split interest trust created by a donor where a percentage of fair market value each year is generally paid to a charity for a period of time, with the remainder typically passing to heirs of the donor at the end of the period.
Synonyms:
CLUT, CLUTs, charitable lead unitrusts
Synonyms list
(a comma-separated list)
CLUT, CLUTs, charitable lead unitrusts