Charitable Lead Annuity Trust (CLAT)

A CLAT is a trust that provides income to a charity for a set period, after which the remaining assets pass to non-charitable beneficiaries, often heirs.

Charitable Remainder Annuity Trust (CRAT)

A CRAT is an irrevocable trust that pays a fixed annuity to the donor or other beneficiaries and distributes the remaining assets to a charity at the end of the term.

Charitable Remainder Trust (CRT)

A CRT is a tax-exempt trust that provides income to beneficiaries for life or a term of years, with the remainder going to a charity. It includes CRATs and CRUTs.

Charitable Remainder Unitrust (CRUT)

A CRUT is a type of charitable trust that pays a variable income based on a fixed percentage of the trust’s annual value, with the remainder going to charity.

Corporate Trustee

A corporate trustee is a bank or professional trust company appointed to manage a trust’s administration, investments, and distributions, ensuring fiduciary responsibilities are met.