There are many approaches that can help, depending on your situation and your goals. One approach involves split-interest trusts, which, as the name implies, are designed to benefit multiple parties. With a charitable remainder trust (CRT), income from trust assets goes to the person who established it—the grantor—or to a beneficiary the grantor chooses. At the end of the trust's term—oſten the grantor's lifetime—the remaining assets in the trust go to a designated charitable organization. Alternatively, with a charitable lead trust (CLT), the charity gets the first benefit, and your chosen beneficiary receives the assets that remain when the trust term ends. Both options let you provide a financial benefit to a charity while also generating income for yourself or a family member. Yet there are important differences, and the approach you choose will depend on the nature of your assets, your tax situation and your goals.