charitable remainder trust

Definition of "charitable remainder trust"
  1. An irrevocable trust that allows a donor to gain income from the trust for a designated time or their lifetime, after which the remaining assets are given to a tax-exempt charity
How to use "charitable remainder trust" in a sentence
  1. He set up a charitable remainder trust to support his favorite charity while still receiving income.
  2. The elderly woman structured a charitable remainder trust to secure herself income for life while serving a noble cause.
  3. Charitable remainder trust is an effective estate planning tool for those who wish to benefit both themselves and a charity.

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