Kentucky Remanente Caritativo Inter Vivos Anualidad Fideicomiso - Charitable Remainder Inter Vivos Annuity Trust

• Category: Fideicomisos - Fideicomisos en vida - California
• State: Multi-State
• Control #: US-00615BG
• Format: Word

Description

The following form is a sample of a charitable remainder inter vivos annuity trust. A Charitable Remainder Inter Vivos Annuity Trust (CAT) is a common estate planning tool used in Kentucky and across the United States. It allows individuals to provide for their future financial needs while also making a charitable contribution. This type of trust is established during the lifetime of the donor (inter vivos) and provides an annuity payment to the donor for a specified period, with the remaining assets going to a charitable organization upon the donor's death. The primary purpose of a Kentucky Charitable Remainder Inter Vivos Annuity Trust is to support charitable causes while still ensuring financial stability for the donor. By donating to this trust, the individual receives a federal income tax deduction for the present value of the charitable remainder interest. This deduction can be spread over five years and may vary based on the donor's age and the annuity rate chosen. There are two main types of Kentucky Charitable Remainder Inter Vivos Annuity Trusts: 1. Charitable Remainder Unit rust (CUT): In this type of trust, the donor receives a fixed percentage (typically between 5% and 8%) of the trust assets' fair market value, recalculated annually. As the trust assets fluctuate in value, the annuity payment also changes. 2. Charitable Remainder Annuity Trust (CAT): Unlike CUT, a CAT provides the donor with a fixed annuity payment each year, representing a predetermined percentage (at least 5%) of the initial value of the trust's assets. The annuity amount stays the same regardless of the trust's investment performance. Both types of Kentucky Charitable Remainder Inter Vivos Annuity Trusts offer tax advantages, including the avoidance of capital gains tax on appreciated assets donated to the trust and the ability to bypass estate taxes. However, it is crucial to consult with an experienced estate planning attorney to ensure proper establishment and administration of the trust, as well as to consider individual circumstances and goals. By utilizing a Kentucky Charitable Remainder Inter Vivos Annuity Trust, individuals can enjoy a reliable stream of income during their lifetime, contribute to charitable causes close to their hearts, and potentially reduce their tax burden.

A Charitable Remainder Inter Vivos Annuity Trust (CAT) is a common estate planning tool used in Kentucky and across the United States. It allows individuals to provide for their future financial needs while also making a charitable contribution. This type of trust is established during the lifetime of the donor (inter vivos) and provides an annuity payment to the donor for a specified period, with the remaining assets going to a charitable organization upon the donor's death. The primary purpose of a Kentucky Charitable Remainder Inter Vivos Annuity Trust is to support charitable causes while still ensuring financial stability for the donor. By donating to this trust, the individual receives a federal income tax deduction for the present value of the charitable remainder interest. This deduction can be spread over five years and may vary based on the donor's age and the annuity rate chosen. There are two main types of Kentucky Charitable Remainder Inter Vivos Annuity Trusts: 1. Charitable Remainder Unit rust (CUT): In this type of trust, the donor receives a fixed percentage (typically between 5% and 8%) of the trust assets' fair market value, recalculated annually. As the trust assets fluctuate in value, the annuity payment also changes. 2. Charitable Remainder Annuity Trust (CAT): Unlike CUT, a CAT provides the donor with a fixed annuity payment each year, representing a predetermined percentage (at least 5%) of the initial value of the trust's assets. The annuity amount stays the same regardless of the trust's investment performance. Both types of Kentucky Charitable Remainder Inter Vivos Annuity Trusts offer tax advantages, including the avoidance of capital gains tax on appreciated assets donated to the trust and the ability to bypass estate taxes. However, it is crucial to consult with an experienced estate planning attorney to ensure proper establishment and administration of the trust, as well as to consider individual circumstances and goals. By utilizing a Kentucky Charitable Remainder Inter Vivos Annuity Trust, individuals can enjoy a reliable stream of income during their lifetime, contribute to charitable causes close to their hearts, and potentially reduce their tax burden.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.