Is philanthropy one of your top priorities? One way to make your estate plan more philanthropic is through a Charitable Remainder Trust (sometimes called a CRT, CRUT, or CRAT, depending on the form it takes). The Trust is created until the end of the trust term or the death of the last beneficiary. At the end of the trust, whatever is left over (the “remainder") is distributed to the charity of your choice. Other advantages of creating a CRT include providing an income stream, enabling an immediate charitable deduction, and reducing federal estate tax liability.