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Jan 1, 2006 12:00 PM
A Closer Look at Those New Specimen CRUTs
The Internal Revenue Service has done a yeoman's service in publishing specimen safe-harbor charitable remainder unitrust (CRUT) agreements for inter vivos and testamentary trusts. The specimens — issued in August 2005 — update, improve and greatly expand on those the IRS previously issued. The Service also gives copious annotations on the underlying law and supplies alternate provisions.
It's been said that a footnote is equivalent to going downstairs on one's wedding night to answer the doorbell. Ignore that doorbell at your peril when it comes to the footnotes to the IRS's specimens (the annotations and alternate provisions). Some of the alternate provisions should be included in the vast majority of CRUTs.
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| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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