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NIMCRUT

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AcronymDefinition
NIMCRUTNet-Income with Make-Up Charitable Remainder Trust


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For this reason the NIMCRUT is perhaps the most popular type of charitable remainder trust, since it allows for the deferral of income to later years, much like a deferred-income retirement plan, and still allows the trustee to maximize the payout amount.
For a NICRUT or NIMCRUT in which the trustee has a power to adjust, the income will often exceed the traditional fiduciary accounting income.
And, if in any year the payment made to a beneficiary by the trust is less than the agreed on percentage applied to trust value, the NIMCRUT provides for the deficiency to be made up in the future.
 
 
 
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