Charitable Remainder Unitrust Attorney
What is a Charitable Remainder UniTrust
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Charitable Remainder Unitrust
Another form of charitable giving is a Charitable Remainder Uni-Trust, aka a CRUT. Both CRAT and CRUT are types of charitable shared trust.
What is a CRUT
How a CRUT works
A CRUT makes annual payments to beneficiaries during the life of the donor, and when they die, the remainder of the trust goes to a charitable cause. The payment to beneficiaries is calculated as a fixed percentage of the assets reaming in the trust. During the trust’s lifetime, the owner can top up the assets as he/she pleases.
There are various charitable remainder unitrusts, including a standard unitrust, a net income Unitrust, and a Flip Unitrust. The payment to beneficiaries depends on the type of CRUT created.
Advantages of CRUT
Assets can be added to the entity over time.
Highly valued assets can be sold with minimal tax consequences.
Provides income stream for many years
The donor or beneficiaries can claim tax charitable deductions.
Are you planning to use gift vehicles in your estate planning?
With an estate planning attorney’s help, you can set up charitable trusts and gifts of annuities.
Charitable giving is a fantastic estate planning tool; these gift vehicles allow you to donate to the charities of your choosing, reduce your tax burdens and receive dependable income for life.
Newport Beach Estate Attorneys Near Me
Hess-Verdon is in Newport Beach. We have 30 years’ experience in estate planning law. We have helped many clients protect their estate, grow their estate, and pass it down to their loved ones through various legal instruments.
Our probate lawyers can help you administer or contest a will. We also have expertise in business law and elder abuse law. Expect personalized services that put you in control. Request a free limited-time no-obligation case assessment
Advanced Estate Planning
Living Trusts | Irrevocable Trusts
What is an advanced estate plan?
It’s where your estate combines businesses, properties, intellectual property, blended families, and complex family matters. As a trustor/grantor, it’s crucial to have all your i’s dotted and t’s crossed in this litigious environment.
Now, some people believe it’s ok to search for an “estate planning lawyer near me” and that drafting an estate plan is routine. With the growth of trust and probate litigation, it’s obvious it’s not. When it comes to advanced estate planning, a deep-court experienced attorney is always a great choice. Hess-Verdon leads the way!
Our living trust lawyers use sophisticated estate planning and wealth preservation techniques to assist individuals, families, executives, and owners of closely-held businesses in preserving and protecting their assets and tailor plans to meet each client’s objectives.
Contact Us Today
We counsel clients on estate and tax planning, wealth preservation, multi-generational tax and estate planning, asset protection planning, business succession planning, charitable planning, and related legal matters. We assist families in dealing with family legal issues affecting seniors and disabled children or family members with special needs.
- Charitable Remainder Trust (CRT)
- Grantor Retained Annuity Trust (GRAT)
- Qualified Personal Residence Trust (QTIP)
- Learn more on estate planning.
Are you looking for a trust attorney in the Newport Beach area? When it comes to the practice of Trust and estates, it can be difficult finding an attorney that’s experienced in handling your specific issues.
With over 30+ years of law, 1500+ clients throughout our tenure,
you can receive in-depth legal counsel today.
Trust & Probate Litigation Lawyers
Are you looking for a trust litigation lawyer in the Orange County area? When it comes to the practice of Trust and estates, it can be difficult finding an attorney that’s experienced in handling your specific issues.
- Can a Trustee sue on behalf of the trust
- Can a Trustee be held personally liable
- Can a Trustee remove a Beneficiary from a trust
- Settling a Trust After Death
- Being a Trustee of a Trust
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