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February 21st, 2011

What is a Charitable Remainder Unitrust (“CRUT”)?

(Estate Planners) - When planning an estate, the charitable remainder unitrust or CRUT is often a popular choice. This type of trust allows for you to transfer your assets to a charitable remainder trust now and receive income for the rest of your life or for a period of years. When you die, the charity of your choice will receive the assets wholly and fully. This type of charitable trust is often chosen by those donors who need an income for life or for a particular time period and who desire a rise in income as the value of the trust increases.

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