Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes annual payments to Taft
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to Taft
  • Future gift to heirs at fraction of property's value for transfer-tax purposes
  • Professional management of assets during term of trust
  • No charitable income-tax deduction, but donor not taxed on annual income of the trust

More Information

Contact Us

Stephen W. Starnes, Sr.
Planned, Estate & Major Gifts
Office: 860-945-7747
Mobile: 215-789-8125
SStarnes@TaftSchool.org

 

The Taft School
110 Woodbury Road
Watertown, Connecticut 06795

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