Crut

The CRUT is often a good choice for those who desire to maintain a stream of income during their lifetimes, but also would like to leave a part of their estate to charity.

The crux of CRUTs: charitable remainder unitrusts provide donors ... by Malekhedayat, Julie / California CPA

For example, for a charitable remainder trust, the CRAT, CRUT and PIF requirements reduce the incentive and opportunity for the trustee to invest the trust assets in risky securities to obtain higher returns for the noncharitable income beneficiaries, resulting in a smaller remainder interest for the charity if the securities decrease in value.

Form over substance: district court denies split-interest charitable ... by Barton, Peter / The Tax Adviser

2005-24 provided a safe-harbor procedure for trusts created after June 28, 2005 that disregarded the right of a spousal election for determining whether the CRAT or CRUT is tax exempt, but only if the spouse irrevocably waived the right of election.

CRT safe harbor for spousal rights extended - waivers not required by Shafer, Frances / The Tax Adviser

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