Using charitable lead trusts as a life insurance planning tool
Article Abstract:
This article concerns estate and tax planning using charitable lead trusts funded by life insurance, annuities, or municipal bonds. Obtaining the charitable deduction is the focus of the article and the author discusses a specific planning vehicle he terms the Grantor Charitable Lead Trust.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Use of deferred annuity to fund net income plus make-up CRUT
Article Abstract:
Deferred annuities provide a means for persons who do not currently need income to use the net-income plus make-up charitable remainder unittrust (NIMCRUT) for estate planning purposes and still meet the income distribution requirements of IRC section 664(d)(3). The IRS in a letter ruling and a memorandum has approved the use of deferred annuities to fund NIMCRUTs which qualify as charitable remainder trusts.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Charitable split-dollar and charitable retirement plans for life insurance
Article Abstract:
The author discusses planning alternatives to the questionable charitable split-dollar plans which provide little benefit to charities but large tax deductions to donors. Life insurance may be usefully and legitimately utilized in the charitable lead unitrust form.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The effect of Louisiana's community property laws on financial planning with life insurance. 21st century life insurance needs of the affluent
- Abstracts: Transgenic avidin maize is resistant to storage insect pests. Two patent disputes settled
- Abstracts: Qualified nonrecourse financing and the allocation of exculpatory liabilities. Transferring closely held stock to an FLP requires careful planning
- Abstracts: The larger the island of knowledge, the longer the shoreline of wonder. A silver lining in the dark cloud of taxation: Code section 691(c)