California Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years are legal provisions that allow individuals to leave a portion of their estate through a charitable remainder annuity trust (CAT) for a specified number of years after their death. This charitable trust arrangement provides income to named beneficiaries for the term of years, with the remaining assets going to a charitable organization or foundation. One type of California Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years is the Charitable Remainder Annuity Trust (CAT) with a fixed term. This trust enables the testator to specify a fixed number of years, typically between 5 and 20, during which the trust will distribute a fixed annuity amount to designated beneficiaries. After the term expires, the remaining assets are transferred to the charitable organization or foundation of choice. Another type is the Charitable Remainder Annuity Trust (CAT) with a term of years subjects to a contingency. This provision allows for a specific number of years as the primary term, but includes a contingency that if certain conditions are met, such as the death of the named beneficiaries or a change in circumstances, the trust may terminate earlier. These California Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years offer testators various options to fulfill their philanthropic goals while providing income for their chosen beneficiaries during a specific period. This approach can be particularly attractive for individuals who want to support charities and leave a lasting impact while ensuring their loved ones receive income for a defined period of time. Important keywords: — California Testamentary Provision— - Charitable Remainder Annuity Trust (CAT) — Charitable trusarrangementen— - Estate planning — Fixed ter— - FiannTo NTo—nt - Beneficiaries — Charitable organizatiofoundationio— - Contingency — Philanthropic go—ls - Income distribution — Term oyears.rs
California Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years
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