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