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Glossary   >   C   >   "Charitable Lead Trust" Definition            Charitable Lead Trust A trust designed to reduce beneficiaries" taxable income by first donating a portion of the trust"s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Charitable Lead Trust - A trust designed to reduce beneficiaries" taxable income by first donating a portion of the trust"s income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries.