Charitable Remainder Trust

By DouglasTurner.com • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

Note: The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.

Charitable Remainder Trust

(As of January 2008. Definitions and statutes may change after this date.)

A Charitable Remainder Trust is often used to make large donations (of either property or money) to a charity so that the donor can obtain a tax advantage. The donor reserves the right to use the trust property during his lifetime, or some other specified time period. When the period elapses, the property is then turned over to charity.

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DouglasTurner.com. This column is not legal advice nor does it create an attorney-client relationship with the reader. Due to limited space, complex legal concepts and rules may be stated in terms of general concepts. Based on 2007 Colorado and Federal law. Consult legal counsel before acting on any information contained in this column.
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