Seattle Washington Charitable Remainder Unitrust

State:
Multi-State
City:
Seattle
Control #:
US-04339BG
Format:
Word
Instant download

Description

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.

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FAQ

SEATTLE - Seattle has ranked among the Top 20 happiest cities in America, ing to a new study.

Seattle gets less rain annually than Boston, New York City, Philadelphia, Miami and many other major metro areas. Surrounded by both mountains and water on two sides, the natural beauty of Seattle is one of the biggest draws for residents.

Seattle is loved by visitors for many reasons, and is routinely on national "best of" lists, including Money's Best Places to Travel in 2023.

Are you moving to Seattle with your family? The Emerald City is one of the best places to live on the West Coast! With a variety of family-friendly activities, great schools, and affordable neighborhoods, the city of Seattle is a great place to settle down.

Reasons to Visit Seattle, More Than Once The city strikes a good balance with its bustling metropolis set in contrast against the beautiful Mount Rainier and the Olympic Mountain Range that looms over the Puget Sound in the distance. Each neighborhood is distinct, so there's always something new to discover. 10 Things We Love About Seattle - Hotels.com hotels.com ? usa ? things-we-love-seattle hotels.com ? usa ? things-we-love-seattle

Why it matters: Seattle's shortage of affordable housing regularly grabs headlines. But these figures show how people living here also have to contend with higher costs for food, health care and other services, making life in the Emerald City even less affordable. Seattle has 9th-highest cost of living in U.S., study finds - Axios axios.com ? local ? seattle ? 2023/11/16 ? c... axios.com ? local ? seattle ? 2023/11/16 ? c...

While residents love the good jobs and easy access to lots of outdoor activities, families also love that Seattle public schools are highly rated. And there are all kinds of cultural activities like museums, parks, and trails perfect for all ages available throughout the city. What Are the Pros and Cons of Living in Seattle in 2024? - PODS pods.com ? blog ? pros-cons-living-in-seattle pods.com ? blog ? pros-cons-living-in-seattle

What is Seattle Most Famous For? Space Needle. Seattle Waterfront. Pike Place Market. Olympic Sculpture Park. Museum of Pop Culture. Fremont Troll. Chihuly Garden and Glass. Ballard. 11 Best Things to Do in Seattle - Hotels.com Australia hotels.com ? usa ? things-to-do-seattle hotels.com ? usa ? things-to-do-seattle

Despite the high cost of living, many people still choose to live in Seattle because of its many attractions and opportunities. The city is home to a thriving arts and culture scene, a wide range of outdoor activities, and a diverse population that offers a rich tapestry of experiences and perspectives.

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Seattle Washington Charitable Remainder Unitrust