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