An understanding of a CLT is critical for any gift planner who wants to be in a position of becoming a donor's or potential donor's advisor. In order to do so, a gift planner must understand how a CLT works and be prepared to respond if other advisors to the donor should advise a CLT in the donor's financial, estate and charitable planning. This session will present the concept of this complex planned giving vehicle, different types and technical obstacles to setting one up. Examples will be worked through in an attempt to show participants how to determine the appropriateness of a CLT for any particular donor. Lastly, advanced uses will be addressed, with the specific facts and consequences presented.
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