Charitable Remainder Trust

Learn about the definition for this legal term.

What is Charitable Remainder Trust?

A tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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