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A charitable trust reflects is an Irrevocable Trust where a qualified charity is a beneficiary of the Trust.

What do you mean by a charitable lead trust?
Charitable lead trusts allow you to distribute either a fix amount or a certain percentage of your trust principal to a charitable organization for a term of years. The charitable organization enjoys the benefit for the entire duration of the charitable lead trust. However, at the end of the term, the remaining amount goes back to the donor or the beneficiaries specified by the donor.

What about the effect of charitable lead trust to estate tax?
You may claim an income tax deduction, a gift tax, and an estate tax deduction for the charitable lead trust. However, the tax benefits vary from state to state and the kind of charitable lead trust you entered. Although the lead trust will not pay you anything for a term of years, it will grant you an income tax deduction on the year it is funded and an Estate tax deduction for the remaining years a charity will receive an income stream from the trust assets.

In other words, a person creating a charitable lead trust grants you a triple header, a current income tax deduction, a gift tax deduction and an Estate tax deduction if you die before the term of years that you selected has not expired when you die. These results will not occur if the organization that you select qualifies as a charity as set forth in the Internal revenue code. If you live in Philadeplphia, you can get more info about estate planning Philadelphia from Philadelphia estate attorney office.