PROPERTY

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.

• 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.

• 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 receiving tax benefits after creating the trust.

• trust

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.

• 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 have to have definite beneficiaries because the

A charitable trust qualifies for certain favorable treatment under U.S.

• trusts and estates

Chattel is a catch-all category of property associated with movable goods. At common law, chattel included all property other than real property. Examples include leases, animals, and money. In modern usage, chattel usually only refers to tangible movable personal property. 

Chattel mortgage is an antiquated term for a mortgage on movable personal property (“chattel”), such as machinery or a vehicle (as opposed to real estate), where the lender holds an interest in the property as security/collateral for the loan.

Chattel paper is a legal document that records a monetary obligation from one party to another and a security interest used in secured transactions to sell property on credit while retaining some interest in the property. (See: UCC § 9-102)

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.

• trusts