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charitable remainder trust
A term to know.
A trust that pays income typically to a non-charitable beneficiary for a term certain, a life, or lives, and thereafter pays the remaining assets in the trust to a charitable beneficiary. See Section 664 of the Code and the regulations thereunder.
Synonyms:
CRT, CRTs, charitable remainder trusts
Synonyms list
(a comma-separated list)
CRT, CRTs, charitable remainder trusts