What Does Charitable Remainder Trust Mean?

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What does Charitable Remainder Trust mean? Read on to discover the definition & meaning of the term Charitable Remainder Trust - to help you better understand the language used in insurance policies.

Charitable Remainder Trust

Charitable Remainder Trust

A charitable remainder trust (CRT) is a trust in which the beneficiaries receive income from it for a specific period of time. However, once that time runs out, the remaining assets of the trust are given to charity.

We hope the you have a better understanding of the meaning of Charitable Remainder Trust.

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