Charitable Lead Unitrust (CLUT) Law and Legal Definition
Charitable Lead Unitrust (CLUT) is a custom designed and individually managed trust that enables an individual to give a variable annual amount to charity for a fixed term of years or the life of one or more individuals. The charities receive a percentage of the trust's value each year. This means the benefits will fluctuate based on the trust's investment returns or losses. Payments are determined by recalculating the payment each pay period.
Legal Definition list
- Charitable Lead Unitrust (CLUT)
- Charitable Lead Trust (CLT)
- Charitable Lead Annuity Trust (CLAT)
- Charitable Institutions
- Charitable Income Tax Reduction
- Charitable or Nonprofit Activity (Gaming Law)
- Charitable Organizations
- Charitable Remainder Annuity Trust
- Charitable Remainder Unitrust
- Charitable Risk Pools
- Charitable Trusts
