Fixed Payment

1. CRAT (Charitable Remainder Annuity Trust)

Fixed % Based on Initial Value

2. SCRUT (Straight Charitable Remainder Unitrust)

Fixed % Based on Yearly Value

Variable Payment

3. NIWOM (Net Income Without Makeup Charitable Remainder Trust)

Fixed % based on Yearly Value

or

Trust Income, Whichever is Smaller

4. NIMCRUT (Net Income With Makeup Charitable Remainder Unitrust)

Fixed % Based on Yearly Value

or

Trust Income, Whichever is Smaller

plus

Excess Income to the Extent of Prior Year's Deficiencies

5. FLIP Trust (Starts as a NIMCRUT and flips to a SCRUT trust after a triggering event).

This concept created by Lynda Moerschbaecher - Attorney at Law