• TYPES OF TRUSTS

Types of Trusts

SCRUT (Straight Charitable Remainder Unitrust)
  • Fixed % based on yearly value
  • Variable Payment
NIMCRUT (Net Income With Makeup Charitable Remainder Trust)
  • Fixed % based on yearly value, or
  • Trust Income, whichever is smaller
  • Plus, Excess Income to the extent of prior year's deficiencies
NIWOM (Net Income Without Makeup Charitable Remainder Unitrust)
  • Fixed % based on yearly value, or
  • Trust Income, whichever is smaller
FLIP Trust (Starts as a NIMCRUT and flips to a SCRUT trust after a triggering event) This concept created by Lynda Sands - Attorney at Law
CRAT (Charitable Remainder Annuity Trust)
  • Fixed % based on initial value
NON-GRANTOR CLT (Non-Grantor Charitable Lead Trust)
  • Income to charity, remainder to Family
  • Receive an estate tax or gift tax deduction
GRANTOR CLT (Grantor Charitable Lead Trust)
  • Income to charity, remainder to Donor
  • Receive a tax deduction