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Charitable Remainder Trusts

Charitable Remainder Trusts

Charitable Remainder Trusts are wonderful vehicles utilized to assist a Donor and a parish, that was made possible by the tax reform act of 1969. A Charitable Remainder Annuity Trust (CRAT) is a trust that provides for a donor to transfer property to a trustee, subject to his or her right to receive a fixed percentage of the initial net fair market value of the property, for as long as he or she lives. Whatever remains in the trust at the person's death becomes the property of the parish/charity. For an example of the Charitable Remainder Annuity Trust, Click here.


The Charitable Remainder Unitrust (CRUT) is similar to the Charitable Remainder Annuity Trust in many ways, except that the income is a percentage of the fair market value of the property transferred, determined annually. Please see the examples in the sidebar for greater clarity. For an example of the Charitable Remander Unitrust, Click here.

CRAT/CRUT FORM
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