This memorandum describes how a testamentary charitable lead annuity trust (CLAT) might be incorporated into Leon D. Black's estate plan. It outlines the structure and benefits of a CLAT, including potential tax advantages and the transfer of assets to the Heritage Trust. The memo also discusses alternative CLAT terms, purchase of trust assets for a note, and the steps involved in implementing this strategy.
documents/EFTA01202525.pdf
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