The National Directory of Certified Public Accountants

Ask A CPA - Estate Planning

What Is A Charitable Remainder Trust ?

A Charitable Remainder Trust is an irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. A Charitable Lead Trust by contrast allows the charity to receive income during the grantor's life, and the remaining income to pass to designated family members upon the grantor's death.

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