Professor Russell James What A Blessing You Are To Share This Invaluable: Charitable Remainder Trust Introductory Video. Which Has Got To Be The Best On TH-cam Thanks A Million !! Sir.
Interested by the idea of setting the charitable beneficiary of a CRT to a Private Family Foundation, although not sure I fully understand what the benefit of that approach is to the donor vs. just creating the PFF upfront and donating directly to it
At least 10% of the present value of the transfer must be projected to transfer to charity, otherwise it is disqualified as being a charitable remainder trust. At that point it's just an irrevocable trust which pays all taxes like an individual and does so using a compressed rate schedule.
Thanks, great video. Two questions: 1) Are there any special considerations of donating a property purchased via a 1031 Exchange to a CRT? 2) I assume payments received by the beneficiaries during the donor's life are treated as taxable income, right?
I think a CRUT will be best for me, but maybe a NIMCRUT. With a NIMCRUT, do you HAVE to take the lesser of the fixed % or that year’s income? Can you choose the fixed % even if your income for the year was less?
@ Russell james,Can a crt name a non natural person be an annuitant,(I.e.llc)can a non us citizen non resident alien be an annuitant?can a crt donor use a distribution as collateral for a loan,I.E.(a person borrows money from a bank,in exchange for the lender to replace the donor as the recipient of the distribution)
Very Educational! One question: if a CRUT distributes 5% annually to 4 people (lives), is there any requirement how to distribute it? does it have to be equally among the 4 lives?
A CRT can distribute to 4 people, but not for 4 lives. 2 is the maximum number of measuring lives. (And given current 7520 rates these measuring lives have to be relatively old.) The distributions can be unequal.
I have two buildings that are highly appreciated. One is 40% owned and share with two other people in a LLC, the other is 30% owned and share with one other people in a S corporation. After we viewed your educational CRT TH-cam, we are thinking putting them in a CRT and sell them..... Our question is: can I just form one CRT and put my two shares of the buildings in it, or I have to create two separate CRT, one for each building?
So amazing video, Professor Russell James! May good karmas return to you for every donation and tax saving for all viewers. Thank YOU and thank YOU!
Professor Russell James What A Blessing You Are To Share This Invaluable: Charitable Remainder Trust Introductory Video. Which Has Got To Be The Best On TH-cam Thanks A Million !! Sir.
Wow, thank you!
@@EncourageGenerosity just curious,what are the ramifications of a standard crut or standard crat owning an llc?ESPECIALLY when it comes to ubit.
Yea. The best video 👍🏼👍🏼👍🏼
EXCELLENT EXPLANATION & VISUALS
Thanks!
excellent info ! Is there anyway your team is available for consultaions ?
Interested by the idea of setting the charitable beneficiary of a CRT to a Private Family Foundation, although not sure I fully understand what the benefit of that approach is to the donor vs. just creating the PFF upfront and donating directly to it
Excellent series, Sir.
Please consider similar for Private Membership Associations, and compare the two.
Thank you.
Great suggestion!
Awesome video. Very clear.
Excellent.
I plan on doing this white my cryptocurrency. Excellent video.
I just thought of that ,crts & crypto
Same
How about a unitrust with NO charity connections? How are they taxed - at 37%, or passed through to the 5% recipient?
At least 10% of the present value of the transfer must be projected to transfer to charity, otherwise it is disqualified as being a charitable remainder trust. At that point it's just an irrevocable trust which pays all taxes like an individual and does so using a compressed rate schedule.
Thanks, great video. Two questions:
1) Are there any special considerations of donating a property purchased via a 1031 Exchange to a CRT?
2) I assume payments received by the beneficiaries during the donor's life are treated as taxable income, right?
brilliant! thnx!
Thanks
Professor Russell can the CRUT be funded anually with the RMD? or IRA ACCount?or profit share account? pre tax money?
Do I need a Qualified Appraisal for any Charitable donation to the CRT? Or only if it is property?
Good Job
I think a CRUT will be best for me, but maybe a NIMCRUT. With a NIMCRUT, do you HAVE to take the lesser of the fixed % or that year’s income? Can you choose the fixed % even if your income for the year was less?
What is the cost of design and create a CRT?
I will serve as Trustee and Investment Manager. Do I really need a Trust Administrator? Or just a CPA? Or maybe just me and TurboTax?
Sooo.... This means that i can use it on my website for a donor to another, like a "crowdfund" to a gift that someone wishes? or am I wrong?
Does CRT need to file 1041 tax return each year?
Thank you!!
Who design and creat CRT trust? An attorney?
@ Russell james,Can a crt name a non natural person be an annuitant,(I.e.llc)can a non us citizen non resident alien be an annuitant?can a crt donor use a distribution as collateral for a loan,I.E.(a person borrows money from a bank,in exchange for the lender to replace the donor as the recipient of the distribution)
Very Educational! One question: if a CRUT distributes 5% annually to 4 people (lives), is there any requirement how to distribute it? does it have to be equally among the 4 lives?
A CRT can distribute to 4 people, but not for 4 lives. 2 is the maximum number of measuring lives. (And given current 7520 rates these measuring lives have to be relatively old.) The distributions can be unequal.
Is it ok the change the profitable crypto to UDST before you to send to the CRT?
Seek financial advice from a cfp
8:05
Can an llc be a crt beneficiary?
The remainder beneficiary has to be a charitable entity.
@@EncourageGenerosity i meant could 1 or more of the non charitable beneficiaries be an llc,or even a nonresident alien
For a trust for a set period of years, when does the timer start?
At the inception of the trust
Great info, thank you!! Can you give me a rough idea of how long it normally takes to set up a CRT?
I have two buildings that are highly appreciated. One is 40% owned and share with two other people in a LLC, the other is 30% owned and share with one other people in a S corporation. After we viewed your educational CRT TH-cam, we are thinking putting them in a CRT and sell them.....
Our question is: can I just form one CRT and put my two shares of the buildings in it, or I have to create two separate CRT, one for each building?
One CRT can hold multiple assets.