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Nongrantor Lead Trust

How It Works
- Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
- Trustee invests and manages trust assets and makes annual payments to Webb
- Remainder transferred to your heirs
Benefits
- Annual gift to Webb
- Future gift to heirs at fraction of property's value for transfer-tax purposes
- Professional management of assets during term of trust
- No charitable income-tax deduction, but donor not taxed on annual income of the trust
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Contact Us
Hugh Nystrom '85 Director of Advancement 865.291.3837 Hugh.Nystrom@webbschool.org |
Webb School of Knoxville 9800 Webb School Drive Knoxville, TN 37923 Federal Tax ID: #62-0550980 |
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