CRT PLANNING GETS MORE DIFFICULT

On March 30, the Internal Revenue Service issued Revenue Procedure 2005-24 adding significant new rules to charitable remainder trust planning. From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this report: If you thought that uncertainty about the estate tax and recent restrictions in capital gains rates discouraged CRT planning, just wait until you

On March 30, the Internal Revenue Service issued Revenue Procedure 2005-24 — adding significant new rules to charitable remainder trust planning. From David T. Leibell and Daniel L. Daniels of Cummings & Lockwood LLC in Stamford, Conn., we have this report:

If you thought that uncertainty about the estate tax and recent restrictions in capital gains rates discouraged CRT planning, just wait until you see Rev. Proc. 2005-24. Unless the safe-harbor provisions of the revenue procedur

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