charitable remainder annuity trust

A charitable-remainder trust in which the beneficiaries receive for a specified period a fixed payment of 5% or more of the fair market value of the original principal, after which the remaining principal passes to charity. — Abbr. CRAT.

— Also termed charitable-remainder-trust retirement fund. [Cases: Charities 6; Trusts 281. C.J.S. Charities § 4; Trover and Conversion § 532.]

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词条贡献者

双语律师Andrew，欧洲名校国际税法专业，擅长翻译各类与国际税法相关的法律文件。