Charitable Agreement Trust For Higher Education

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

Description

The Charitable Agreement Trust for Higher Education is designed to facilitate charitable giving specifically directed towards educational institutions and related organizations. It allows the Grantor to transfer assets to a Trustee, who is responsible for managing these assets and ensuring that a portion of the trust income is paid out to a designated recipient during their lifetime. After the recipient's interest ends, the remaining trust funds are distributed to a specified charitable organization, which can be modified by the recipient through a notarized document. The trust provides flexibility in asset management and mandates quarterly distributions based on a percentage of the trust's net fair market value. Key features include provisions for appointing successor Trustees, stipulations surrounding disabled recipients, and adherences to federal tax regulations regarding charitable remainder trusts. This form serves various use cases, such as establishing a legacy for charitable intent while providing income during the lifetime of a recipient, making it valuable for attorneys, partners, and paralegals in estate planning and charitable giving. Legal assistants may support by organizing documentation and ensuring compliance with the relevant legal requirements.
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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
  • Preview Charitable Remainder Inter Vivos Unitrust Agreement

How to fill out Charitable Remainder Inter Vivos Unitrust Agreement?

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FAQ

Print the T3010 for Signature and Filing You must print, obtain a signature and file the return by mail with the Canada Revenue Agency (CRA). You can, however, file the return online through the CRA's My Business Account (MyBA) service.

All resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a T2 return for every tax year, even if there is no tax payable. This includes: non-profit organizations.

Here's a high-level overview of the process: The donor establishes an irrevocable trust, naming a trustee to manage and invest the assets. ... The donor must fund the trust with appreciated assets like cash, publicly traded stocks, real estate, private business interests, or other property.

A trust can be established by way of a trust deed, whereas a corporation has to be incorporated under the relevant provincial, territorial, or federal legislation. Once an entity is established, the next step is to apply for charitable registration through the Canada Revenue Agency (CRA) .

A consultation is typically about 1 hour in length and costs about $500. Keep in mind that the cost to establish (incorporate and organize) a Canadian non-profit that does not have registered charity status typically costs between $2000-3000 for legal fees and about $300 for disbursements.

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Charitable Agreement Trust For Higher Education