charitable remainder trust

A trust that consists of assets that are designated for a charitable purpose and that are paid over to the trust after the expiration of a life estate or intermediate estate. — Abbr. CRT.

— Also termed split-interest trust. [Cases: Charities 4. C.J.S. Charities §§ 3–4.]

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词条贡献者

译者Glen，毕业于世界顶级翻译学院，擅长翻译各种与房地产诉讼相关的法律文件。