Using a Charitable Lead Annuity Trust (CLAT) To Generate a Tax Deduction in the Year of a Business Sale

Click here →

to listen


In this podcast hosts Pat Ennis of ENNIS Legacy Partners and Walter Deyhle of GRF CPAs & Advisors discuss the effective use of Charitable Lead Annuity Trusts (CLATS) in planning your exit with Estate Planning Attorney Jonathon Morrison of Frazer, Ryan, Goldberg & Arnold of Scottsdale, AZ.

Jonathon addresses the following questions:

  • In simple terms, what is a CLAT and how can it work well in the year of a business sale?

  • What is the typical profile of somebody funding a CLAT?

  • What is the funding process and is there an urgency…or timing considerations when funding?

  • Is there a minimum funding amount? And what kind of expenses should a business owner expect in establishing a CLAT?

If you're in the year of actually selling your business, desire to minimize both income and estate taxes, and have philanthropic interests, this episode will help you better understand a planning tool that could meet those objectives.