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A CLAT is an irreversible trust that might be developed by a donor either intervivos,or upon death,and which specifies that an annual fixed dollar quantity should be paid at least each year to charity until the termination of the defined term,at that point the trust properties pass to,or in trust,for the noncharitable receivers Escondido Probate Law ( +1 (760) 884-4044 ).
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A revocable living trust is another common type of trust,and is used in estate planning.
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A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries Escondido Estate Planning law Living Trust Attorney (760) 884-4044.
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