Charitable Remainder Unitrust (CRUT): NICRUT Unitrust Payment for a Term of Years (FL) | Practical Law

Charitable Remainder Unitrust (CRUT): NICRUT Unitrust Payment for a Term of Years (FL) | Practical Law

A Standard Document creating a charitable remainder unitrust (CRUT) for a settlor residing in Florida with a NICRUT unitrust amount paid for a unitrust period based on a term of years. This CRUT is an irrevocable trust created for the initial benefit of one non-charitable beneficiary, who receives a stream of income equal to the lesser of the trust's income or a fixed percentage of the value of the trust assets, as determined annually, for a specified term. At the end of the term, the remaining property is distributed to one or more charitable beneficiaries.

Charitable Remainder Unitrust (CRUT): NICRUT Unitrust Payment for a Term of Years (FL)

Practical Law Standard Document w-018-3143 (Approx. 39 pages)

Charitable Remainder Unitrust (CRUT): NICRUT Unitrust Payment for a Term of Years (FL)

by Practical Law Trusts & Estates
MaintainedFlorida
A Standard Document creating a charitable remainder unitrust (CRUT) for a settlor residing in Florida with a NICRUT unitrust amount paid for a unitrust period based on a term of years. This CRUT is an irrevocable trust created for the initial benefit of one non-charitable beneficiary, who receives a stream of income equal to the lesser of the trust's income or a fixed percentage of the value of the trust assets, as determined annually, for a specified term. At the end of the term, the remaining property is distributed to one or more charitable beneficiaries.