Which estate planning tool would be used in this scenario, CRUT, CRAT, pooled income fund or charitable lead trust?
A charitable trust arrangement in which a fixed income interest (worth at least 3% of the current net FMV of the trust assets as revalued annually) is paid annually to one or more non-charitable income beneficiaries and at the death of the last income beneficiary, the remainder interest passes to a qualified charity.
Charitable... View the full answer
- Correct answer here is CRUT as it is current net FMV
- May 11, 2018 at 5:11am