This definition appears very rarely
We have 3 other definitions for CRUT
in our Acronym Attic
Samples in periodicals archive:
CHARITABLE REMAINDER TRUSTS A CRT provides an annual stream of payments to one or more noncharitable beneficiaries for a term of years with an irrevocable remainder interest to be transferred to charity There are two types: the charitable remainder annuity trust (CRAT) and the charitable remainder unitrust (CRUT).
Owned by a net income with make-up charitable remainder unitrust, or "spigot trust," for retirement income.
If you have bullish prospects who are charitably inclined, look to the charitable remainder unitrust for a term of years.
This ruling-which applies if either a Charitable Remainder Annuity Trust or Charitable Remainder Unitrust names the SNT as beneficiary- represented quite a break from prior law which, among other things, required that a CRT's income be used for the trust beneficiary's support-a requirement that would have, in most cases, ended a beneficiary's eligibility for government benefits, such as Supplemental Security Income (SSI) and Medicaid.
There are many types of CRTS, a few of which include; A) charitable remainder annuity trust (CRAT) which pays a fixed dollar amount annually; B) charitable remainder unitrust which pays a fixed percentage of the trust's assets annually; C) charitable pooled income fund which is set up by the charity allowing many donors to contribute.
Conclusion The charitable remainder unitrust may be an appropriate estate planning tool for clients who own appreciated assets and are charitably inclined, but are not ready to part with the entire asset or its potential income.
One variant, a net income charitable remainder unitrust (NI-CRUT), permits the trustee to distribute only the amount of trust income for that year, should that amount be less than the distribution that would otherwise be required .
Furman as Trustees for the Furman Charitable Remainder Unitrust announced today the distribution of 375,000 shares of Greenbrier Companies' stock with an estimated value in excess of $12 million.