If you're interested in using a charitable lead trust to benefit PETA and your family, the following steps will guide you through the process of setting up this arrangement.1. Meet with your estate planning attorney.A charitable lead trust is one of the more complex giving arrangements, and your attorney can help you create the trust in a way that best meets your needs. Some things you'll need to consider are:
2. With your attorney's help, set up the trust.The process will depend on whether you choose a lifetime trust or a testamentary trust.For a lifetime charitable lead trust:Your attorney will draft the trust and assist you with the process of funding the trust. You'll fund the trust with assets you know you won't need in the future, but that you want your loved ones to ultimately receive. You will receive a partial gift tax charitable deduction, and the rest of the gift is taxable and subject to gift taxes.For a testamentary charitable lead trust:Your attorney will draft the trust as part of your will. After your lifetime, your estate will receive a partial estate tax charitable deduction, and the rest of the gift is taxable and subject to estate tax.3. Feel good about supporting our work.PETA will receive the payments from your trust either now or later, depending on which type of trust you choose. You can feel good knowing that you're supporting PETA's mission to help animals. And at the end of the trust's term, your chosen loved ones will receive the remaining balance with no additional taxes due.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.