Charitable Agreement Statement Format

State:
Multi-State
Control #:
US-00616BG
Format:
Word; 
Rich Text
Instant download

Description

The Charitable Remainder Inter Vivos Unitrust Agreement is a legal document that outlines the terms under which a charitable trust is established. This form is structured to allow the Grantor to transfer assets to the Trustee, with clear specifications regarding the management and distribution of trust assets. Key features include the calculation of the Unitrust Amount, which is a percentage of the trust's net fair market value paid to a designated recipient, and the subsequent distribution to a chosen charitable organization. The form also permits alterations in the designated charity and provides a framework for Trustee responsibilities, including management powers and compensation. Filling out the form involves detailing specific information about the Grantor, Trustee, assets being transferred, and the recipient of the Unitrust Amount. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in estate planning, charitable giving, or trust administration, as it provides a structured approach for creating a trust that aligns with specific tax regulations and charitable intentions. The form emphasizes clarity, making it accessible to users regardless of their legal experience.
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  • Preview Charitable Remainder Inter Vivos Unitrust Agreement
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement

How to fill out Charitable Remainder Inter Vivos Unitrust Agreement?

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FAQ

For contributions of cash, check, or other monetary gift (regardless of amount), you must maintain a record of the contribution: a bank record or a written communication from the qualified organization containing the name of the organization, the amount, and the date of the contribution.

You should always have the following information on your donation receipts: Name of the organization. Donor's name. Recorded date of the donation. Amount of cash contribution or fair market value of in-kind goods and services. Organization's 501(c)(3) status.

Include a statement that no goods or services were provided by the organization in exchange for the contribution, if that was the case. If any goods or services were provided by the organization in exchange for the contribution, include a description and good faith estimate of the value of those goods or services.

Each letter should include the following information: The donor's name. The full legal name of your organization. A declaration of your organization's tax-exempt status. Your organization's employer identification number. The date the gift was received. A description of the gift and the amount received.

Each donor receipt should include the name of the donor as well. Many donor receipts also include the charity's address and EIN, although not required. The donor, however, should have records of the charity's address. Donor receipts should include the date of the contribution.

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Charitable Agreement Statement Format