The IRS has released eight new annotated sample declarations of trust and alternate provisions for inter vivos and testamentary charitable remainder unitrusts with varying measuring terms. Previously, the IRS issued sample trust instruments for certain types of CRUTs. It is updating the previously issued samples and issuing new samples for additional types of CRUTs; annotations and alternate sample provisions are included as further guidance.
Linked Documents:
Sample Inter Vivos CRUT Declaration for One Measuring Life - Rev. Proc. 2005-52
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for inter vivos charitable remainder unitrusts that provide unitrust payments for one measured life followed by a charitable distribution of trust assets.
Sample Inter Vivos CRUT Declaration for a Term of Years - Rev. Proc. 2005-53
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for inter vivos charitable remainder unitrusts that provide unitrust payments for a term of years followed by a charitable distribution of trust assets.
Sample Inter Vivos CRUT Declaration for Consecutive Measuring Lives - Rev. Proc. 2005-54
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for inter vivos charitable remainder unitrusts that provide unitrust payments for two consecutive measured lives followed by a charitable distribution of trust assets.
Sample Inter Vivos CRUT Declaration for Concurrent and Consecutive Measuring Lives - Rev. Proc. 2005-55Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for inter vivos charitable remainder unitrusts that provide concurrent and consecutive unitrust payments for two measuring lives followed by a charitable distribution of assets.
Sample Testamentary CRUT Declaration for One Measuring Life - Rev. Proc. 2005-56
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for testamentary charitable remainder unitrusts that provide unitrust payments for one measuring life followed by a charitable distribution of trust assets.
Sample Testamentary CRUT Declaration for a Term of Years - Rev. Proc. 2005-57
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for testamentary charitable remainder unitrusts that provide unitrust payments for a term of years followed by a charitable distribution of trust assets.
Sample Testamentary CRUT Declaration for Consecutive Measuring Lives - Rev. Proc. 2005-58
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for testamentary charitable remainder unitrusts that provide unitrust payments for two consecutive measuring lives followed by a charitable distribution of trust assets.
Sample Testamentary CRUT Declaration for Concurrent and Consecutive Measuring Lives - Rev. Proc. 2005-59
Annotated sample declaration of trust and alternate provisions that satisfy the requirements of section 664 for testamentary charitable remainder unitrusts that provide concurrent and consecutive unitrust payments for two measuring lives followed by a charitable distribution of assets.