Remainder Living Trust Sample With Replacement

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

Description

The Remainder Living Trust Sample with Replacement is a legal document designed to establish a charitable remainder unitrust, allowing a grantor to provide financial support to a designated recipient while ensuring that remaining assets eventually benefit a chosen charity. This form facilitates the transfer of property into the trust, establishes payment amounts to the recipient during their lifetime, and outlines procedures for the distribution of trust funds to charity after the recipient's interest has ended. Key features include the ability to change designated charities, provisions for trustee appointment and delegation, and definitions of how the trust should be administered, ensuring compliance with relevant tax laws. Filling instructions are straightforward: grantors should specify the trust assets in Schedule A, determine the percentage for the unitrust amount, and select the charitable organization as well as potential successors. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it streamlines the process of creating a living trust that promotes charitable giving while providing for beneficiaries during their lifetime.
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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

In trust law, a remainder interest is the part of the trust property that remains after the specific devises are given to the intended beneficiaries.

A remainder beneficiary is a beneficiary of a trust whose benefit vests at a later time. As an example, I may receive income for life and only upon my death what is left of the corpus of the trust goes to my son. I am the income beneficiary and my son is the remainder beneficiary.

For example, a trust provision may stipulate that upon the death of the grantor, if all her children are over the age of 30, the trust assets are to be distributed equally amongst them, while if some are under the age of 30, then the trust does not terminate until the youngest reaches that age.

Checking and Savings (Cash) Accounts Before retitling CDs into your trust, you should first check to make sure that no early withdrawal penalties will apply. If a penalty will apply, you may need to wait until those CDs mature and then make the transfer.

The instrument may also be known as an agreement, indenture, declaration, or deed. In the case of a testamentary trust, for example, the trust instrument is the decedent's will.

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Remainder Living Trust Sample With Replacement