In a charitable remainder trust, a donor may provide an income interest to a non-charitable beneficiary with the remainder of the trust going to a charitable organization. The charitable remainder annuity trust (CRAT) and charitable remainder uni-trust (CRUT) are two types of charitable remainder ...
When an annuity contract is fully surrendered during the accumulation phase, the owner must pay income tax on the earnings in the contract. The owner is not taxed on amounts that represent a return of contributions (such as premiums or investment in the contract). Partial withdrawals from an ...
(ABLE) AccountsGrantor-Retained Interest Trusts: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs), Grantor-Retained Income Trusts (GRITs), and Qualified Personal Residence Trusts (QPRTs)Irrevocable Life Insurance Trusts, Including Crummey TrustsDynasty TrustsCharitable Trusts...
certain charitable remainder unitrusts personal residence trusts.There are 3 types of grantor-retained interest trusts that are qualified interests: grantor-retained annuity trusts (GRATs), grantor-retained unitrusts (GRUTs), grantor-retained income trusts (GRITs). A...