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Trust Glossary

Charitable Remainder Trust - An irrevocable trust with both charitable and non-charitable beneficiaries. The grantor transfers highly appreciated assets into the trust and retains an income interest. At expiration of the income interest, the remainder in the trust passes to a qualified charity of the grantor's choice. If properly structured, the CRT permits the grantor to receive income, estate, and/or gift tax advantages. These advantages often provide for a much greater income stream to the income beneficiary than would be available outside the trust.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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