iCLAT Essentials - "WHAT is an iCLAT? WHEN does it work best? HOW does it work? WHY now?
Wed, Mar 11
|Location is TBD
This live webinar will cover essentials of an iCLAT. All registrants will gain a solid understanding of the iCLAT and the two common client/donor scenarios when it will generate the largest amount of IMMEDIATE income tax savings!
Time & Location
Mar 11, 2020, 1:30 PM – 2:30 PM EDT
Location is TBD
About the event
An iCLAT is designed for one important purpose and one purpose only, that is, to generate a large IMMEDIATE charitable income tax deduction for future annual gifts to charity. An iCLAT is simply another name for what is technically known as a "reversionary" charitable lead annuity trust. While it is a well established charitable planning tool that has been around for 40+ years, iCLATs are still relatively unknown in the charitable planning world, and much less in the financial planning sector. iCLAT's are NOT to be confused with their much more complicated cousins, the traditional wealth transfer CLTs, and "shark fin" or "balloon" CLTs, which are primarily designed for estate tax purposes. Remember, the sole purpose of an iCLAT is to provide for IMMEDIATE income tax savings for future annual gifts, they have nothing to do with saving estate taxes or estate planning. For that reason, then are much simpler…