Charitable Lead Trust
Contribute stocks, bonds or mutual funds to a charitable lead trust. The payments to Valley reduce your tax requirement when you ultimately transfer the balance to your heirs.The trust makes annual payments to Valley for a determined period of time. You can structure the payments and the term to eliminate the taxes at transfer time.
When the trust terminates, the amount remaining in the trust is paid to your heirs. All securities appreciation in the trust passes tax-free to your heirs.