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Definition Of Charitable Lead Trust:

charitable lead trust A trust that pays an income to a charity for a specific length of time, then leaves the remainder of the trust to designated beneficiaries, usually family members.
The purpose of the charitable lead trust is to reduce taxes on the estate of the deceased while maintaining the family's control of the estate's assets. Compare charitable remainder trust.

Other Definition Of Business Terms:

Charitable Remainder Trust
Charitable Trust
Charity
Chart
Chart Formation
Charter 1

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