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Related to Crut: crutch
n.1.The rough, shaggy part of oak bark.
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CRUTs are further classified as net income (NICRUTs), net income with makeup (NIMCRUTs) and flip unitrusts (FLIP-CRUTs).
In Filing Year 2012, the majority of all CRUT trustees reported using the standard structure (Figure I).
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.
Under the terms of a CRUT, you, your spouse or other beneficiaries receive income payments based on the fair market value of the trust assets as valued each year.
However, one is not required to presume that there will be a mortality loss, as opposed to a mortality gain, in allocating the exemption to a CRUT.
The rules for calculating the value of a remainder interest in a CRUT are in Regs.
The CRUT sold some of the properties, and the sales prices were consistent with Mohamed's self-appraised values.
10) More than 97 percent of those reporting UBI were CRUTs.
A variation of the CRUT, referred to as the net income make-up trust (NIMCRUT), is similar to a CRUT in that payment is based on a fixed percentage applied to the value of trust assets at the beginning of each year.
From a planning perspective, an individual oftentimes is able to enjoy a higher income using a lower payout rate with a CRUT because of the fact that the percentage is calculated on an ever-increasing amount of principal.
Nearly 94 percent of those reporting UBI were CRUTs.
A CRUT may provide for payment of the lesser of a fixed percentage of assets or the trust's income ("income only" CRUT).