Charitable Lead Trust

Securing Family and The Salvation Army's Future: Luke and Candice's Charitable Lead Trust

Candice, a longtime supporter of The Salvation Army, sought a way to leave a lasting impact while ensuring her family's well-being after her husband Luke passed away.

"Setting up a charitable lead trust seemed perfect," Candice explained. "I could fund it with cash or stock, provide income to our favorite charity for a set number of years, and then the remaining value would benefit our children."

By funding the trust, Candice secured a gift tax charitable deduction, reducing taxes on the eventual transfer of assets to her children. After the trust's obligations to The Salvation Army were met, her family would receive the remaining assets with minimal tax liability.

"A charitable lead trust allowed us to support family and our favorite charity. Luke would be so proud," Candice concluded.

Note: The names and details in this story represent typical donors and may not reflect an actual donor to our organization.