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Trust Glossary

Charitable Remainder Unitrust (CRUT) - A trust designed to permit periodic payment of a certain percentage of the fair market value of the trust to a noncharitable beneficiary. The remainder goes to a charity.

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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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