Charitable Remainder Unitrust (CRUT): Fixed Percent Unitrust Payment for Term of One Measuring Life | Practical Law

Charitable Remainder Unitrust (CRUT): Fixed Percent Unitrust Payment for Term of One Measuring Life | Practical Law

A Standard Document creating a charitable remainder unitrust (CRUT) with a fixed percent unitrust amount paid for a unitrust period based on one measuring life that can be customized for use in any US jurisdiction. This CRUT is an irrevocable trust created for the initial benefit of one non-charitable beneficiary who receives a stream of income equal to a percentage of the value of the trust assets, as determined annually, for the non-charitable beneficiary's life. At the end of the term, the remaining property is distributed to one or more charitable beneficiaries.

Charitable Remainder Unitrust (CRUT): Fixed Percent Unitrust Payment for Term of One Measuring Life

by Practical Law Trusts & Estates
MaintainedUSA (National/Federal)
A Standard Document creating a charitable remainder unitrust (CRUT) with a fixed percent unitrust amount paid for a unitrust period based on one measuring life that can be customized for use in any US jurisdiction. This CRUT is an irrevocable trust created for the initial benefit of one non-charitable beneficiary who receives a stream of income equal to a percentage of the value of the trust assets, as determined annually, for the non-charitable beneficiary's life. At the end of the term, the remaining property is distributed to one or more charitable beneficiaries.