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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.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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