Unitrust Trust Forum

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

Description

The Charitable Remainder Inter Vivos Unitrust Agreement is a legal document that establishes a trust under the Unitrust trust forum, allowing for the transfer of assets with specified management and distribution guidelines. This trust enables the Grantor to provide regular income to the designated Recipient, calculated as a percentage of the trust's net fair market value, while also ensuring that remaining funds are directed to a charitable organization upon the Recipient's death. Key features of this form include the appointment of trustees, provisions for the payment of unitrust amounts, and guidelines for charitable distributions, all designed to comply with the Internal Revenue Code. To fill out the form, users should input the necessary names, addresses, and asset information, ensuring clarity on the trust terms. Legal professionals—attorneys, partners, owners, associates, paralegals, and legal assistants—can utilize the form to facilitate estate planning strategies that benefit both individuals and charitable organizations. The form also includes mechanisms for appointment of additional trustees, modifications in trust administration, and the handling of any discrepancies in asset valuation, making it a versatile document for managing charitable giving.