It is even possible to set up a lead trust that will allow you to transfer assets to your family with zero transfer taxes. The IRS assumes that a lead trust is only earning at the current low federal rate. If the actual investments of the trust produce a higher return than the payments made to Gift Planning Services over the term of the trust, then the full value of the trust may be transferred to family with zero gift tax.
To discount your gift to family even more, you may consider first transferring your real estate or other assets into a family limited partnership (FLP) which will fund your lead trust. The combination of the FLP, the lead trust and a gift exemption can permit the lead trust to pay income to charity for a number of years and potentially transfer substantial assets tax-free to your family.
With increased volatility in the stock market you may also want to consider creating a lead trust that makes fixed payments of increasing amounts to charity over time. Because the payments to charity are fixed, your family ultimately benefits from any growth in the trust. Low payouts in early years allows the trust to grow, thus allowing protection should the economy produce below-average returns in the future.