Charitable lead trusts allow individuals to set-up trusts where some of the income goes to a charity, but when the trust ends, the assets do not go to the charity. The way these trusts operate is 1) the grantor sets up the trust for a...
trusts, inheritances & estates
charitable remainder annuity trust
Charitable remainder annuity trusts (CRAT) allow a grantor to create a trust that generates income until the beneficiary dies, then later transfers the assets to a charity. These trusts are popular for grantors because they receive tax...
charitable remainder trust
Charitable remainder trust allows a grantor to create a trust that generates revenue for a few years and then transfers the assets to a charity. These types of trusts are popular because they allow the grantor to still generate income while...
charitable remainder unitrust
Charitable remainder unitrusts (CRUT) allow grantors to create tax beneficial trusts which continue to generate income for a specific amount of time, then transfer the assets to a charity. These trusts create tax benefits by allowing the...
charitable trust
A charitable trust is a trust made for the benefit of specific charitable purposes. The purpose of the trust must fall into one of the specific purpose categories or is it not valid. Charitable trusts are favored by the law. They do not...
charitable trusts purposes
A charitable trust qualifies for certain favorable treatment under U.S. law. For example, it is not subject to the rule against perpetuities and cannot fail for a lack of definite beneficiaries. To qualify as a charitable trust, the trust...
child's trust
Child’s trust refers to a trust fund created for kids, usually by family members, in order to have the assets managed until the children mature. These trust funds can be created to operate in a variety of ways. The trustee can be given...
civil case
A civil case is a private, non-criminal lawsuit, usually involving private property rights, including respecting rights stated under the Constitution or under federal or state law. For example, lawsuits involving breach of contract, probate,...
civil union
A civil union is a marriage-like relationship, created primarily as a means to provide recognition in law for same-sex couples. In other words, civil union is a legal relationship between two people that provides legal protection to the...
class
A class is a group of people or things defined by one or more common attributes. In a legal context, a class refers to all those persons who are in the same category, having the same type of rights or who have suffered from the same incident...