N.H. Admin. Code § Jus 401.03

Current through Register No. 45, November 7, 2024

Section Jus 401.03 - Charitable lead annuity trust

"Charitable lead annuity trust" means an irrevocable trust that distributes payments each year to a charitable beneficiary or beneficiaries for a fixed term of years or during the grantor's lifetime, and after the term ends, distributes the remaining assets to the grantor or the grantor's descendants.

N.H. Admin. Code § Jus 401.03

Derived from Volume XLII Number 45, Filed November 10, 2022, Proposed by #13455, Effective 10/7/2022, Expires 10/7/2032