IRS Issues Eight Revenue Procedures Containing Sample Charitable Remainder Unitrusts

CTAC Commentary On August 22, 2005, IRS published the following eight sample declarations of trusts that meet the requirements under IRC § 664(d)(2) and (d)(3) for charitable remainder unitrusts (CRUT).

(a) Sample inter vivos CRUT for one measuring life (Rev. Proc. 2005-52; 2005-34 IRB 326).

(b) Sample inter vivos CRUT for a term of years (Rev. Proc. 2005-53; 2005-34 IRB 339).

(c) Sample inter vivos CRUT for consecutive measuring lives (Rev. Proc. 2005-54; 2005-34 IRB 353).

(d) Sample inter vivos CRUT for concurrent and consecutive measuring lives (Rev. Proc. 2005-55; 2005-34 IRB 367).

(e) Sample testamentary CRUT for one measuring life (Rev. Proc. 2005-56; 2005-34 IRB 383).

(f) Sample testamentary CRUT for a term of years (Rev. Proc. 2005-57; 2005-34 IRB 392).

(g) Sample testamentary CRUT for consecutive measuring lives (Rev. Proc. 2005-58; 2005-34 IRB 402).

(h) Sample testamentary CRUT for concurrent and consecutive measuring lives (Rev. Proc. 2005-59; 2005-34 IRB 412).