| 摘要 |
Methods for funding a charity and passing assets to a beneficiary are disclosed. A modified charitable lead annuity trust is employed for these purposes. The modified CLAT is structured to make relatively small annual annuity payments to a designated charity as compared to the annual payments made to a charity under a traditional CLAT, as well as a relatively large back-end balloon or final annuity payment. A small portion of the trust assets are set aside to fund the small annual payment. The remainder of the trust assets is used to purchase a life insurance policy on the life of the grantor or other designated individual whose death will trigger the termination of the trust. The death benefit from the life insurance policy may be used to fund the final back-end balloon payment to the charity. Any excess death benefit may be distributed among the trust's remainder beneficiaries.
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