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 ?
The sample was stratified by the type of the trust (charitable remainder annuity trust, charitable remainder unitrust, charitable lead trust, or pooled income fund) and the reported end-of-year book value of total assets.
Generally, with regard to a valuation date and, in the case of transfers to a charitable remainder annuity trust for which the valuation date is after April 30, 1989, if an election is made under Section 7520 and Regulations Section 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the two months preceding the month in which the transfer is made, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables.
(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.
Planning Point: For a charitable remainder annuity trust, the charitable deduction increases as the IRC Section 7520 rate increases; therefore, one should choose the highest rate of the three month period for the best deduction.
A CRT provides an annual stream of payments to one or more noncharitable beneficiaries for a term of years with an irrevocable remainder interest to be transferred to charity There are two types: the charitable remainder annuity trust (CRAT) and the charitable remainder unitrust (CRUT).
This donor will prefer the charitable remainder annuity trust. It too pays fixed-percentage income, but there is no annual revaluation.
A charitable remainder annuity trust (CRAT) provides to a noncharitable beneficiary a fixed payment at least annually of not less than 5% or more than 50% of the initial net fair market value of the trust, with an irrevocable remainder interest to be paid to or held for charity.
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).
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