Charitable Inter Agreement Purchase For The Future

• Category: Trusts - Living Trusts
• State: Multi-State
• Control #: US-00616BG
• Format: Word; Rich Text

Description

The Charitable Remainder Inter Vivos Unitrust Agreement is designed to facilitate the transfer of assets to a trust, which provides financial support to a designated recipient while ultimately benefiting a charitable organization. Key features include the establishment of the trust, the specification of the unitrust amount to be paid to the recipient each year, and the guidelines for distributing remaining funds to charitable organizations after the recipient's death. The form also includes provisions for naming and empowering trustees, allowing for necessary amendments, and ensuring compliance with relevant tax codes. Filling out the form requires clear identification of the grantor, trustee, and recipient, along with the property to be included in the trust. Attorneys, partners, and legal assistants will find this form useful for estate planning and charitable gift strategies, especially in situations where clients want to provide for loved ones while supporting a cause. The form is straightforward and aims to ensure clarity and compliance with applicable laws, making it suitable for both experienced legal practitioners and those with limited legal understanding.