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Making the CLT Your New Best Friend



by Turney P. Berry
Wyatt, Tarrant & Combs, LLP - Louisville Office

February 13, 2014

Previously published on February 10, 2014

Suppose I create a Clat within the window to use a 7520 rate of 1.4%. I fund the Clat with $1,000,000. The term is 50 years. During the first 49 years the CLAT pays $1,000 per year to Worthy Charity at the end of the year. In year 50 the Clat pays $2,000,000 to Worthy Charity and pays whatever amount remains to my children. My children are the trustees.


 

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