Home » Glossary » Charitable Remainder Unitrust

Charitable Remainder Unitrust

  1. An option for a landowner to donate property and receive regular income. The landowner places a conservation easement on his land, then sells and invests the proceeds from the sale. Beneficiaries receive payments for a fixed term or life. The remaining funds are then turned over to a land trust. [Source: Landowner Options, Land Conservancy of North Kingstown, http://www.lcnk.org/lcnkPage.cfm?sec=17&opt=0#cov]