A Unitrust refers to a trust from which a fixed percentage of the net fair market value of the trusts assets valued annually, is paid each year to a beneficiary. In these trusts, the donor transfers property to a trust after retaining the right to receive payments from the trust for a specified term. Once the term ends, the trust estate is paid to a public charity designated by the donor. During a unitrust's term, a trustee invests the unitrust's assets and pays a fixed percentage of the unitrust's current value, as determined annually, to the income beneficiaries. If the unitrust's value goes up, its payout increases proportionately. Likewise, if the unitrust's value goes down, the amount it distributes also declines. Payments must be at least five percent of the trust's annual value and are made out of trust income, or trust principal if income is not adequate.
New Orleans Louisiana Charitable Remainder Unitrust
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An important river trade port, it was the headquarters of the community of merchants frequenting the Loire. It was the capital of the Kingdom of France during the Merovingian period and played an important role in the Hundred Years' War, particularly known for the role of Joan of Arc during the siege of Orleans.
From Mardi Gras to Halloween and Everything in Between. When you think of New Orleans, several things immediately come to mind: spicy Cajun and Creole cuisine, a vibrant cocktail culture, live music pouring out of clubs every night of the week, and one-of-a-kind museums and attractions.
What is New Orleans famous for? A true melting pot of cultures, New Orleans has a wealth of unique heritage and proud traditions. It is best known for its music, vibrant nightlife, numerous festivals, Creole and Cajun food, and colonial architecture.
La Nouvelle Orleans was named in honor of the Duke of Orleans, France's ruling regent until the young Louis XV could take the throne, but the French name was also chosen to encourage French settlers who would have balked at coming to a place with an Indian name like Biloxi or Natchitoches. French History in New Orleans neworleans.com ? multicultural ? cultures neworleans.com ? multicultural ? cultures
New Orleans is world-renowned for its distinctive music, Creole cuisine, unique dialects, and its annual celebrations and festivals, most notably Mardi Gras. The historic heart of the city is the French Quarter, known for its French and Spanish Creole architecture and vibrant nightlife along Bourbon Street.
Whether you're a life-long local or you're in town for your first visit to The Big Easy, there are plenty of things to explore for every taste and preference. French Quarter Phantoms has been voted Voted #1 in New Orleans & America's Top Ten for over 8 years in a row, so we know a thing or two about our city!
