Testamentary Charitable Remainder Unitrust Documents

A testamentary CRUT is created when a decedent’s assets pass to a trustee, and the trustee invests the assets to maximize the total return over time and also makes annual payments to one or more beneficiaries. 

The amount of the annual payments fluctuates annually depending on several factors, including investment performance. The payments may continue for the income beneficiary’s lifetime or a term of years, after which the trust assets pass to the charities designated by the decedent.

Below is an application to draft an executable Testamentary CRUT, as well as the necessary supporting documents. This tool creates one master document with the following sections:

  1.  Gift Acceptance
  2.  Donor(s) Information
  3.  Beneficiary Information
  4.  Asset Information
  5.  Trust Information
  6.  Trustee Information
  7.  Post-Draft Checklist
  8.  Finalize Gift Paperwork
  9.  Letter of Understanding
  10.  First Draft of the TCRUT Document
  11.  Instructions for Retirement Plan Custodian (If applicable)
  12.  Summary of Trust Provisions