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Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

January/February 2025

A Win-Win Planning Solution

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Looking for a tax-efficient way to support your favorite charities while providing for your heirs? A charitable lead trust (CLT) may be a solution. With a CLT, you can make a meaningful impact on causes you support while potentially reducing your tax burden.


What is a Charitable Lead Trust?
It's a legal arrangement that allows you to transfer assets to a trust, which makes annual payments to the charity of your choice for a specified period. Once that period ends, the remaining trust assets can be passed on to your heirs or beneficiaries.


A Unique Opportunity
A key advantage of a CLT is its ability to generate a charitable deduction for you. By funding the trust, you can potentially offset a portion of your income, estate, and gift taxes. Additionally, any appreciation on the trust assets during the charitable period won't be subject to estate or gift taxes when they pass to your heirs. This can effectively transfer wealth to future generations while supporting causes that matter to you now.


Creating a charitable lead trust is a complex financial decision that requires careful consideration and the advice of tax, legal and financial professionals. But if you're passionate about giving back and want to leave a lasting legacy, a CLT may be a way to make a meaningful impact for generations to come.


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Thomas Meaglia is an Investment Adviser Representative of Coppell Advisory Solutions LLC, dba, Fusion Capital Management, a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting.
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