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Financial Planners, Accountants & Attorneys Resources 

iCLATs are never established without the integral involvement of at least one of the client's key advisors (financial planner, accountant, attorney or other key advisor) during the exploratory process.  In other words, iCLATa are never established in a so-called "planning silo" without our clients' most trusted advisors involved throughout the discovery, design and engagement process.  In fact, the vast majority of iCLAT inquiries, illustrations and engagements are initiated by one of the client's key advisors.  In fact, if a client reaches out to us directly for a FREE illustration, then one of our first action items is to communicate with one or more of his or her key advisors.  

Active Collaboration with Advisors is ESSENTIAL for iCLAT Planning

he client can serve as the sole trustee an iCLAT.  This will provide the client w   

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iCLAT Resources for Adviso

Unlike traditional charitable lead trusts, an iCLAT has absolutely nothing to do with saving future estate taxes - and this is by design!  Rather, an iCLAT is solely designed to save current income taxes - plain and simple.  From an applicability perspective, this fact is so very important because income taxes impact exponentially more families than estate taxes.  Currently, estate taxes only impact only the wealthiest of high net worth families (the estate tax unified credit exemption amount in 2020 $11,580,000 per person & $23,160,000 per married couple).  That is the very reason why traditional charitable lead trusts (CLTs) are only applicable to a very small class of people and, frankly, simply overlooked by most advisors and experienced gift planners.  Conversely,  almost all Americans are impacted every single year by income taxes.  As a result, saving current income taxes this year is almost always a higher priority to clients than saving potential estate taxes in the future.  An iCLAT's sole focus on saving income taxes is why it is much more applicable than traditional CLTs. 

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Compared to traditional charitable lead trusts, iCLATs have significantly fewer issues to discuss with the client's trusted attorney, financial planner and/or accountant.   Since the advice of one or more of these should always be sought and obtained prior to implementing any planning giving strategy, including an iCLAT, the proper communication with these advisors often requires additional time and potential professional expenses.  Because the iCLAT has a singular planning objective, saving immediate income taxes, all this time (and expense) is greatly reduced with an iCLAT!  Typically, an iCLAT can be designed, signed and fully funded in just a few weeks!     

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