Patching Up Mucked Up CRTs

Patching Up Mucked Up CRTs

Guidelines for doing it right; how defective trusts can be reformed to qualify

Why are some charitable remainder trusts (CRTs) mucked up?

Even though CRTs (unitrusts and annuity trusts) have been around for almost a half century (since passage of the Tax Reform Act of 1969 (TRA 69)), for troglodyte practitioners, a small minority, the existence of this “new” law’s requirements aren’t in sight. (“High Speed Overview,” p. 22, explains the various types of CRTs.)  

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