What Does Charitable Remainder Unitrust Mean?

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

Charitable Remainder Unitrust

Charitable Remainder Unitrust

A charitable remainder unitrust is a type of trust that has a charity as its beneficiary. A certain percentage of the trust's total annual value is given to the beneficiary every year. Life insurance policies are often included in these trusts.

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

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