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Simple English definitions for legal terms

charitable remainder

Read a random definition: relicta verificatione

A quick definition of charitable remainder:

A charitable remainder is when someone gives their property to a charity after they die. It's a type of future interest in the property that goes to someone else after the person who owned it dies. There are different types of remainders, like vested and contingent remainders, but a charitable remainder is specifically when the property goes to a charity. It's a way for people to give back and support causes they care about even after they're gone.

A more thorough explanation:

Definition: Charitable remainder refers to a future interest in a property that is given to a charity after a life estate. For example, "to Jane for life, and then to the American Red Cross."

This means that Jane has the right to use the property for her lifetime, but after she passes away, the property will go to the American Red Cross. This type of arrangement is often used in estate planning to provide for a loved one during their lifetime while also supporting a charitable cause.

Another example of a charitable remainder is "to John for life, and then to the local animal shelter." This means that John can use the property during his lifetime, but after he passes away, the property will go to the local animal shelter.

These examples illustrate how a charitable remainder can be used to support a charitable cause while also providing for a loved one during their lifetime.

charitable purpose | charlatan

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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