Remainder Unitrust Trust Purchase For The Future

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

Description

The Remainder Unitrust Trust Purchase for the Future is captured in the Charitable Remainder Inter Vivos Unitrust Agreement. This document allows the Grantor to transfer property to a Trustee for management and distribution according to specified terms. Key features include the calculation of a Unitrust Amount, which provides for payments to a designated recipient based on the trust's net fair market value, and the eventual distribution of remaining assets to a charitable organization. Additionally, the document offers flexibility for the recipient to change the charitable organization through a notarized directive. It outlines the powers of the Trustee, including investment management and distribution processes. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it assists in estate planning while ensuring compliance with tax regulations. Filling and editing instructions emphasize clarity in providing the necessary information about the Grantor, Trustee, and recipient, along with the valuation percentage for the Unitrust Amount. The form caters to users seeking structured financial support while facilitating charitable giving through a clearly defined trust framework.