Internal Revenue Bulletin: 2005-34
August 22, 2005
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The following eight revenue procedures include four sample documents for lifetime unitrusts and four sample documents for testamentary unitrusts. They also include extensive commentary and annotations discussing the payout variations, including charities in the payout, the ability to change charities, unitrust valuation rules and many other technical issues.
The following is a summary for each Revenue Procedure. Click on the link to view the full text.
Sample inter vivos charitable remainder unitrust (CRUT) for one measuring life.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for an inter vivos charitable remainder unitrust for one measuring life. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Rev. Proc. 89-20 and section 4 of Rev. Proc. 90-31 superseded.
Sample inter vivos charitable remainder unitrust (CRUT) for a term of years.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for an inter vivos charitable remainder unitrust with a term of years unitrust period. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust.
Sample inter vivos charitable remainder unitrust (CRUT) with consecutive interests for two measuring lives.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for an inter vivos charitable remainder unitrust with consecutive interests for two measuring lives. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 4 of Rev. Proc. 90-30 and section 5 of Rev. Proc. 90-31 superseded.
Sample inter vivos charitable remainder unitrust (CRUT) with concurrent and consecutive interests for two measuring lives.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for an inter vivos charitable remainder unitrust with concurrent and consecutive interests for two measuring lives. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 5 of Rev. Proc. 90-30 and section 6 of Rev. Proc. 90-31 superseded.
Sample testamentary charitable remainder unitrust (CRUT) for one measuring life.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for a testamentary charitable remainder unitrust for one measuring life. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 6 of Rev. Proc. 90-30 and section 7 of Rev. Proc. 90-31 superseded.
Sample testamentary charitable remainder unitrust (CRUT) for a term of years.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for a testamentary charitable remainder unitrust with a term of years unitrust period. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust.
Sample testamentary charitable remainder unitrust (CRUT) with consecutive interests for two measuring lives.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for a testamentary charitable remainder unitrust with consecutive interests for two measuring lives. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 7 of Rev. Proc. 90-30 and section 8 of Rev. Proc. 90-31 superseded.
Sample testamentary charitable remainder unitrust (CRUT) with concurrent and consecutive interests for two measuring lives.
This procedure contains a sample declaration of trust that meets the requirements under section 664 of the Code and 1.664-3 of the regulations for a testamentary charitable remainder unitrust with concurrent and consecutive interests for two measuring lives. This procedure also contains annotations to the sample trust and alternate provisions that may be integrated into the sample trust. Section 8 of Rev. Proc. 90-30 and section 9 of Rev. Proc. 90-31 superseded.