CRAT

(redirected from Charitable Remainder Annuity Trust)
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AcronymDefinition
CRATCertified Rational Addictions Therapist (psychology)
CRATCarnitine Acetyltransferase
CRATCharitable Remainder Annuity Trust
CRATCommission Régionale d'Aménagement du Territoire (French: Regional Commission for Regional Development; Belgium)
CRATCivil Rights Action Team (USDA)
CRATCyber Regulations Appellate Tribunal (India)
CRATCenter for Rehabilitation and Abolition of Torture (Cameroon)
References in periodicals archive ?
Charitable remainder annuity trusts (CRATs) and charitable remainder unitrusts (CRUTs) are differentiated by the calculation of the noncharitable distribution amount.
In general, the amount of the charitable contribution deduction allowable for the transfer of property to a charitable remainder annuity trust is equal to the present value of the remainder interest.
1) Charitable Remainder Annuity Trusts (CRATs) are trusts under which a fixed amount of at least 5% and no more than 50% of the initial net fair market value of trust assets is paid annually to a noncharitable beneficiary.
A charitable remainder annuity trust provides to a noncharitable beneficiary a fixed payment at least annually of not less than 5% nor more than 50% of the initial net fair market value of all property placed in the trust, with an irrevocable remainder interest to be paid to or held for a charity.
Question--What factors should be considered when deciding between a charitable remainder annuity trust (CRAT) and a charitable remainder unitrust (CRUT)?
To qualify for these breaks, the CRT must be designed and set up as either a Charitable Remainder Annuity Trust or as a Charitable Remainder Unitrust.
Alternatively, the client could transfer the land to a charitable remainder annuity trust or unitrust (a CRAT or CRUT).
A charitable remainder annuity trust (CRAT) is a trust designed to permit payment of a fixed amount annually to a non-charitable beneficiary with the remainder going to charity.
The payout may be 5% of the initial value of the trust if it is a charitable remainder annuity trust (CRAT).
664(d)--the charitable remainder annuity trust (CRAT) and the charitable remainder unitrust (CRUT).
Some examples include: Charitable Remainder Unitrust, Charitable Remainder Annuity Trust, Donor Advised Funds and Charitable Lead Trust.
A charitable remainder annuity trust allows them to avoid tax as well as benefit a charity.
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