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Charitable Remainder Trust

Financial DictionaryUNODC Money-Laundering Terms Dictionary
A trust established for the benefit of a charitable organization under which the charitable organization receives income from an asset for a set number of years or for the settlor's lifetime. Upon termination of the trust, assets revert to the settlor or designated heirs.
Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.
Financial DictionaryMutual Fund Dictionary
Legal document set up with a charity, in which the charity pays you income for life. When you die, the money goes to the charity, tax-free.
Financial DictionaryCampbell R. Harvey's Hypertextual Finance Glossary
An irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. In contrast, the charitable lead trust allows the charity to receive income during the grantor's life and the remaining income passes to designated family members upon the grantor's death.
Copyright © 2000, Campbell R. Harvey
See also: P & I , VALM , AAC , KAMNG , JALN

 

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