The Jacobs Company
Charitable Planning Uses
Charitable Remainder
Unirust(CRUT)
Diagram
The donor transfers an asset to the trustee of the charitable remainder unitrust (CRUT) and receives a set percentage of the trust for each year thereafter. A current income tax deduction is also available.
When the donor or other named beneficiary dies, the remaining trust assets pass to the designated charity.
This document was last modified on July 26, 1999
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