charitable remainder

Definition of "charitable remainder"
  1. It relates to the remaining assets of a person or estate that are designated to go to a non-profit organization or charity
How to use "charitable remainder" in a sentence
  1. After selling the family home, the parents decided to put the profits into a charitable remainder for their favorite local non-profit.
  2. By assigning a portion of his estate as a charitable remainder, he ensured his support for the charity would continue after his death.
  3. A charitable remainder trust can serve as an effective vehicle for both estate planning and philanthropic objectives.

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