charitable lead annuity trust
A term to know.
A split interest trust created by a donor where an annuity is generally paid to a charity for a period of time, with the remainder typically passing to heirs of the donor at the end of the period.
Synonyms:
CLAT, CLATs, charitable lead annuity trusts
Synonyms list
(a comma-separated list)
CLAT, CLATs, charitable lead annuity trusts