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CRUTCharitable Remainder Unitrust
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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.
For example, assuming a $100,000 gift to a charitable remainder unitrust to be paid for the beneficiary's life, the following table illustrates the interrelationship of the beneficiary's age and the selected payment percentage:
The Service has privately ruled that a taxpayer would not recognize gain or loss as a result of transferring stock from a qualified plan to a charitable remainder unitrust upon his separation from service.
The trust's market value is calculated anew every year, and that revaluation feature makes the charitable remainder unitrust a terrific charitable vehicle for bullish donors who believe we're at or near the market bottom.
Question--What factors should be considered when deciding between a charitable remainder annuity trust (CRAT) and a charitable remainder unitrust (CRUT)?
This ruling-which applies if either a Charitable Remainder Annuity Trust or Charitable Remainder Unitrust names the SNT as beneficiary- represented quite a break from prior law which, among other things, required that a CRT's income be used for the trust beneficiary's support-a requirement that would have, in most cases, ended a beneficiary's eligibility for government benefits, such as Supplemental Security Income (SSI) and Medicaid.
a) a remainder interest in a qualified charitable remainder unitrust or annuity trust;
The CRT, which be may established during life (inter vivos) or at death (testamentary), comes in 2 basic types: the charitable remainder annuity trust, or CRAT, which pays a fixed dollar amount or a fixed percentage of the initial value of the assets transferred to the trust; and the charitable remainder unitrust, or CRUT, which pays a fixed percentage of the trust's assets valued annually.
Estate planners have several tools and techniques to help clients meet their tax and non-tax planning needs, including the charitable remainder unitrust, or CRUT.
However, in the case of charitable remainder trusts, particularly the charitable remainder unitrust, a primary motivation for using the trust is often the transfer of substantially appreciated property by the donor, which will then be sold by the trust.
The gift is in the form of a charitable remainder unitrust, which allows donors to transfer assets to a foundation but to continue to receive earnings from them until their death.
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