Charitable Remainder Unitrust (CRUT) Calculator
The Charitable Remainder Unitrust (CRUT) calculator shows how a client might create and fund a charitable remainder unitrust and take advantage of the associated tax benefits of such a trust.
Calculator Target User – Advisors
Completion Time – 5 to 15 minutes
This calculator:
- Models trust duration based on a specified term, one or more life expectancies, or both
- Applies the appropriate IRS-approved tests (probability of exhaustion and 10% remainder) to the assumptions used
- Calculates the annuity interest and remainder interest (charitable deduction)
- Estimates the unitrust payments (based on the variations in the trust value) paid to the income beneficiary and the estimated ending principal paid to the charity
- Includes a ‘sensitivity analysis’ illustrating the potential effects of five different annuity payout rates on key values (the charitable deduction and ending principal)