Related Definitions
What is a Charitable Organization?
A nonprofit entity named as a beneficiary in a will or trust, often receiving assets for philanthropic purposes.
A nonprofit entity that may be named as a beneficiary in a will or trust, often for the purpose of leaving a bequest to support charitable causes. In probate and trust litigation, disputes may arise over the validity of charitable bequests, particularly if family members believe the decedent was unduly influenced or if the charity’s designation conflicts with other beneficiary rights. Charitable organizations are often involved in estate tax planning as well.
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