Nongrantor Lead Trust
![Nongrantor Lead Trust Diagram. Description of image is listed below. Nongrantor Lead Trust Diagram. Description of image is listed below.](/files/7817/0783/3622/Nongrantor-Lead-Trust.png)
How It Works
- Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
- Trustee invests and manages trust assets and makes annual payments to
Corewell Health Foundation
- Remainder transferred to your heirs
Benefits
- Annual gift to
Corewell Health Foundation
- Future gift to heirs at fraction of property's value for transfer-tax purposes
- Professional management of assets during term of trust
- No charitable income-tax deduction, but donor not taxed on annual income of the trust
More Information
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