|
|
Trading Glossary:
Charitable remainder trust
- C -
| Term: |
|
Charitable remainder trust
|
|
|
Definition: |
|
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. A charitable Lead trust by contrast allows the charity to receive income during the grantor`s life, and the remaining income to pass to designated family members upon the grantor`s death. |
|
Related Links:
|
|
|
|
