Charitable Remainder Trust

Note: The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.

Charitable Remainder Trust

(As of January 2008. Definitions and statutes may change after this date.)

A Charitable Remainder Trust is often used to make large donations (of either property or money) to a charity so that the donor can obtain a tax advantage. The donor reserves the right to use the trust property during his lifetime, or some other specified time period. When the period elapses, the property is then turned over to charity.