Charitable Remainder Annuity Trust (CRAT): Consecutive Interests For Two Measuring Lives (FL) | Practical Law

Charitable Remainder Annuity Trust (CRAT): Consecutive Interests For Two Measuring Lives (FL) | Practical Law

A Standard Document creating a charitable remainder annuity trust (CRAT) for a settlor residing in Florida with an annuity period based on consecutive interests for two measuring lives. This CRAT is an irrevocable trust created for the initial benefit of two non-charitable beneficiaries, who receive a guaranteed annuity consecutively for a specified term. At the end of the term, the property is distributed to one or more charitable beneficiaries.

Charitable Remainder Annuity Trust (CRAT): Consecutive Interests For Two Measuring Lives (FL)

Practical Law Standard Document w-018-3140 (Approx. 37 pages)

Charitable Remainder Annuity Trust (CRAT): Consecutive Interests For Two Measuring Lives (FL)

by Practical Law Trusts & Estates
MaintainedFlorida
A Standard Document creating a charitable remainder annuity trust (CRAT) for a settlor residing in Florida with an annuity period based on consecutive interests for two measuring lives. This CRAT is an irrevocable trust created for the initial benefit of two non-charitable beneficiaries, who receive a guaranteed annuity consecutively for a specified term. At the end of the term, the property is distributed to one or more charitable beneficiaries.