1. Money

Discuss in my forum

Charitable Remainder Annuity Trust

By , About.com Guide

Definition: A type of charitable remainder trust that provides a fixed annuity payment to one or more individual beneficiaries either during their lifetimes or for a specific term of years. Upon the death of the last living individual beneficiary or upon the expiration of the term of years, the balance of the trust assets must be distributed to one or more charitable organizations.
Also Known As: CRAT

©2013 About.com. All rights reserved.