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A Charitable Trust is a legal arrangement that allows individuals or organizations to allocate assets for charitable purposes while receiving potential tax benefits. The primary goal of a charitable trust is to benefit a charitable cause or organization, ensuring that the trust's assets are used to support specific philanthropic endeavors. There are different types of charitable trusts, including charitable remainder trusts (CRT) and charitable lead trusts (CLT), each designed to meet unique financial and philanthropic objectives.
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