Charitable remainder trust

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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 life, and the remaining income to pass to designated family members upon the grantor's death.

Charitable Remainder Trust

An irrevocable trust in which the grantor deposits assets with the income from the investment of these assets given to beneficiaries for a certain period of time. After the time expires, the remainder of the assets and income are donated to charity. A charitable remainder trust allows the grantor to provide for his/her survivors after death while reducing to a minimum the estate tax because the assets are ultimately directed to charity.

charitable remainder trust

A trust that pays an income to one or more individuals for a specified length of time then leaves the remainder of the trust to a designated charity. A charitable remainder trust can produce substantial tax benefits and is particularly suitable for use by a married couple with no children. Compare charitable lead trust.

Charitable remainder trust.

A charitable remainder trust (CRT) is an irrevocable trust designed to provide income to you or a beneficiary for either a fixed period or until the recipient dies. At that point, all remaining assets go to the charity named as ultimate beneficiary.

At the time you establish the trust, you can deduct the discounted present value of the assets as a charitable contribution. That value The value, which is calculated using IRS tables, may be less than the market value of these assets.

Transferring assets in a CRT not only reduces the value of your estate for estate tax purposes but also eliminates potential capital gains tax on any increased value of the assets.

References in periodicals archive ?
CRT 3 was praised for its work by various military leaders, including Major General Leslie Smith, former chief of the U.
Breithardt of the University of Erlangen (Germany) called the CARE-HF long-term survival rate in patients with fairly advanced heart failure who were initially assigned to CRT "remarkable.
The Service also provided guidance on the tax consequences of a pro rata division of a CRT for the lives of two or more individuals.
The CRT payment must be made at least annually and can be made for either a set term of years, up to 20 years, or for the life(s) of named beneficiary(ies).
The proxy statement and other documents to be filed with the SEC by CRT will be available without charge on the SEC's web site at http://www.
CRTs do not recommend pupils being spread out from high to low, as indicated from testing, as is true of standardized tests (Ediger, 1993, ERIC -- ED 236578).
CRT monitors can weigh up to 50 pounds; most FPD monitors weigh only a quarter of that.
It is the CRT who continues to visit the job site at least twice each month and who assists the employer and worker in continuing to build upon the on-site supervision and co-worker support network initiated during training.
The older the executive and the less income taken from the CRT, the greater the deduction.
A second optional handheld device also clips onto the CRT terminal.
Matt brings with him not only a deep perspective on the markets, but also strong relationships with institutional customers that will benefit greatly from the broad array of products and services offered by CRT.
The IRS is concerned that such statutes could result in a surviving spouse having a claim against assets otherwise passing to a charity via a CRT.