How can a Charitable Remainder Trust be established for different kinds of income beneficiaries?

A Charitable Remainder Trust can be established for income beneficiaries in one of three ways: The Charitable Remainder Trust can be established to pay income to a beneficiary for his or her life only. At the death of that income beneficiary, the trust will distribute the remainder of the assets to the charity. The Charitable Remainder Trust can be established for the life of joint beneficiaries, and will pay income to them until the death of the survivor. At that time, the balance of the funds will pass to the charity or charities. The Charitable Remainder Trust can be established for a term of years. Established in this manner, the Charitable Remainder Trust will pay income to the income beneficiaries for a specific term of years, and at the end of that term the remainder will be paid to a charity. This term cannot exceed 20 years.