charitable remainder trust
- 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
- He set up a charitable remainder trust to support his favorite charity while still receiving income.
- The elderly woman structured a charitable remainder trust to secure herself income for life while serving a noble cause.
- Charitable remainder trust is an effective estate planning tool for those who wish to benefit both themselves and a charity.