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The Service has ruled privately that a charitable remainder unitrust can be reformed from inception based on the finding the measuring term does not reflect the trustors' original intent. Of note in this case is the fact the trust was created with the help of the charitable remainderman and the trustors' family members, and without the assistance of a professional tax advisor. More
IRS Publishes Sample Testamentary Charitable Lead Unitrust Form
The IRS has issued Rev. Proc. 2008-46 which contains annotated a sample declaration of trust and alternate provisions for a testamentary charitable lead unitrust with payments to one or more charitable beneficiaries for the unitrust period followed by the distribution of trust assets to one or more noncharitable remaindermen. More
IRS Publishes Sample Inter Vivos Charitable Lead Unitrust Forms
The IRS has issued Rev. Proc. 2008-45 which contains annotated sample declarations of trust and alternate provisions for grantor and nongrantor inter vivos charitable lead unitrusts with payments to one or more charitable beneficiaries for the unitrust period followed by the distribution of trust assets to one or more noncharitable remaindermen. More