Life-income plans provide a stream of income to beneficiaries followed by a charitable gift to the Law School. In contrast, a lead trust first provides income to the Law School (and other named charitable beneficiaries) for a term of years. At the end of the term, assets revert to you or are distributed to others, often your heirs. You designate the term of the trust, the purposes for which the income is to be used, and the asset recipients. Lead trusts are useful to pass property to heirs at reduced transfer tax costs.