Total Return Unitrust (tru)


Definition of "Total return unitrust (tru)"

Benjamin Welch real estate agent
Benjamin Welch, Real Estate Agent Century 21 Curran & Oberski

Modification of the charitable remainder uni-trust through which the beneficiaries receive a specified percentage of the assets' value in the trust usually paid out on a quarterly basis. If the trust's assets earn a greater return than the amount being received by the beneficiaries, the excess amount earned remains in the trust to further accumulate. As the assets grow in this trust, the income to the beneficiaries will also become larger.

 

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