crut
cross heading

The amount of the CRUT's "trust income" for the year.

In such instance, the balance of the CRUT would pay to charity.

First, a CRUT is formed like any other kind of trust, and must be valid under state law.

At that time, any balance remaining in the CRUT will be distributed to charity.

Therefore, the amount of principal contributed to a CRUT is not considered for estate tax purposes.

One possible concern for the taxpayer in the above situation is the risk of death shortly after setting up the CRUT.

The dirty rotten crut.

A common technique is to create a charitable remainder unitrust ("CRUT").

The CRUT would then sell the stock.

For example, assume the same taxpayer above were to set up a CRUT and were to die quickly.

A CRUT is a potentially attractive alternative to the purchase of an annuity.

The CRUT's assets are valued annually, and the annuity amount is determined at that time.

The annuity paid from the CRUT is taxable to the person receiving the payment.

Because of this, tax planners often suggest that their clients purchase life insurance, to be held separately from the CRUT.

And I suppose that you'll go to Valencia together and we can eat goat crut in Gredos.

One tax planning idea would be for this individual to contribute the stock to a CRUT prior to the sale of the stock.

In such instance, the CRUT proceeds would pay to charity before the taxpayer has received much benefit from the annuity.

The charitable remainder unitrust, or CRUT, pays an amount based on what the assets in the trust are worth.

The CRUT must distribute a fixed percentage annuity to the non-charitable beneficiary.

The CRUT is usually set up so that annuity is paid to the settlor of the trust.

The CRUT may not distribute any of its assets to anyone other than the annuity recipient or the qualified charity beneficiary.

Ce fut du moins ce qu'il crut comprendre.

The remainder (the amount expected to go to charity) must be at least 10% of the fair market value of the assets contributed to the CRUT.

Assume an individual, Mr. Smith, has $1 million of publicly traded stock and would like to establish a CRUT.

Assume the CRUT is set up to pay the annuity to Mr. Smith over his lifetime.