Dividing CRATs and CRUTs in Divorce

January 19, 2010 | Divorce, Legal Perspective, Tax Issues

Icon for author Brian Vertz Brian Vertz

A recently-issued IRS ruling (Rev.Rul.2008-41) addressed the issue of whether a charitable remainder annuity trust (CRAT) or charitable remander unitrust (CRUT) can be divided into two equal trusts upon divorce. A charitable remainder annuity trust is a trust in which the grantor receives income in the form of an annuity payment until his or her death, after which the trust principal is donated to charity. The annuity may not be […]

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