What is a charitable trust?

A charitable trust is a legal arrangement set up to benefit a charity or public good. In Texas, a charitable trust is established to benefit the disabled and to provide them with financial security. This type of trust is also sometimes referred to as a special needs trust. The trust is funded by a donor or other sources of income. The trust is designed to provide for the disabled by providing money for medical care, housing, food, and other expenses. The trust is run by a trustee who is responsible for managing the funds and paying out the necessary benefits for the beneficiary with a disability. The trustee is also responsible for ensuring the money is managed properly and distributed according to the terms of the trust. The trust is set up so that the funds are only used for the benefit of the disabled and cannot be used for any other purpose. The funds may not be used for the benefit of the donor or any other third party. The trust is also subject to certain laws, such as tax exclusion laws, which limit the amount of money that can go into the trust. Charitable trusts can provide financial security for people with disabilities and help ensure that their needs are met. They allow donors to benefit a charity or public good without having to bear the entire financial burden.

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What is a charitable trust?

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