May

22

Who Are The Beneficiaries Of Charitable Remainder Trusts?

Filed Under Business :: Legal 

The charitable remainder trust is probably one of the most efficient estate planning tools. It is an arrangement in which money or property is donated to a charity, but the donor still uses the property or receives income from it. A charitable remainder unitrust gives income for life to 2 sets of beneficiaries, in return for the donation made. The first set of beneficiaries incorporates the donor and her/his spouse. The other set includes the name of charities that are specified by the donor.

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