CRT Sellers Beware

The Internal Revenue Service has issued a warning to certain sellers of charitable remainder income interests and to their advisors. In Notice 2008-99 (released on Oct. 31, 2008), the IRS has identified as a transaction of interest a certain type of transaction involving the sale of both the income and remainder interests in a charitable remainder trust (CRT) to a third party. Indeed, the notice requires

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.