Charitable Remainder Annuity Trust
Categories: Tax, Trusts and Estates, Insurance
A "trust"...you know, that thing that paid for Brad the aspiring poet’s Gucci loafers.
Well, Charitable Remainder Annuity Trusts are the warm n’ fuzzy flavor of trusts. When the beneficiary passes, or the trust ends, what’s left goes to a charity. While the trust is still alive, it pays into an annuity that ensures a decent payout for the charity when it’s terminated.