1.26 Ark. Code R. 51-102
Current through Register Vol. 49, No. 10, October, 2024
A trust designed for the benefit of a class or the public generally. Charitable trusts are essentially different from private trusts in that the beneficiaries of a charitable trust are uncertain. A charitable remainder trust consists of assets which are paid over to the trust after the expiration of a life estate or intermediate estates and designated for charitable purposes.
1.26 Ark. Code R. 51-102