charitable remainder trust

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charitable remainder trust (Charitable Remainder Irrevocable Unitrust)

n. a form of trust in which the donor (trustor or settlor) places substantial funds or assets into an irrevocable trust (a trust in which the basic terms cannot be changed or the gift withdrawn) with an independent trustee, in which the assets are to go to charity on the death of the donor, but the donor (or specific beneficiaries) will receive regular profits from the trust during the donor's lifetime. The IRS will allow a large deduction in the year the funds or assets are donated to the trust, and the tax savings can be used to buy an insurance policy on the life of the donor which will pay his/her children the proceeds upon the donor's death. Thus, the donor (trustor) can make the gift to charity, make a return on his/her money and still arrange to make a large gift at death to his/her heirs. The disadvantage is that the assets are permanently tied up or committed.

References in periodicals archive ?
The SyncAV technology, which automatically adjusts pacing based on real-time changes in a patient's cardiac condition, also provides physicians the opportunity to further improve treatment of patients who have responded positively to traditional CRT.
Based on the focus of this final force-on-force battle mission, CRT 3 captured the spotlight.
With a minimum 65 months of follow-up since randomization, the relative risk of all-cause mortality was 23% lower in patients originally assigned to CRT than in controls subsequently switched to CRT or CRT-D.
In the "transaction of interest," a CRT with highly appreciated, low-basis assets sells them and replaces them with new assets.
One note of caution: As a tax-exempt entity, the CRT cannot accept gifts of property encumbered by debt.
CRTs that are going to glass processing applications must adhere to the above requirements.
Specifically, used and broken CRTs are not regulated as hazardous waste as long as the following conditions are met:
CRT isn't the only REIT to recently unload its holdings.
In addition, this analysis includes market splits by monitor resolution and connection type (analog versus digital), and within the CRT category by flat versus curved monitors for the same six-year period.
Thus, in taking out weak test items from CRTs involves omitting the following multiple choice constructions:
CRT monitors can weigh up to 50 pounds; most FPD monitors weigh only a quarter of that.
These problems often require immediate attention from the CRT to assist the worker and family directly as well as to help secure additional assistance through community social services, counseling, and mental health professionals.