remainder trust
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charitable remainder trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder trust … Law dictionary
Charitable Remainder Trust — A tax exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity … Investment dictionary
qualified charitable remainder trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
charitable remainder trust — 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 … Financial and business terms
spousal remainder trust — A fixed term trust from which income is distributed to the beneficiary (such as a child of the grantor) to take advantage of a lower tax bracket, and that at the end of the term passes to the grantor s spouse. Bloomberg Financial Dictionary … Financial and business terms
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
remainder interest — England, Wales An interest in a trust (or under the terms of a will), where the beneficiary s possession and enjoyment of the trust assets is postponed by a prior interest in the same assets. For example, Doreen dies and in her will leaves her… … Law dictionary
remainder — The remnant of an estate in land, depending upon a particular prior estate created at the same time and by the same instrument, and limited to arise immediately on the determination of that estate, and not in abridgement of it. A future interest… … Black's law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
