Article Archives >> Ready Reference >> January 1999
Preview of Article:
IRS Expands Availability of Flip Unitrusts
Final regulations permit switch to fixed percentage payout in certain situations outside the control of the trustee, and give one-time option for reformation
Excerpt:
Unitrusts are among of the most flexible tools available to the planned
giving officer. The final regulations permitting a "flip" from
an income only payout to a fixed percentage payout in the case of sale
of unmarketable assets are a significant advantage for both donors and
charities. They should be studied carefully to see if they can be used
with preexisting trusts.
Article Archives >> Ready Reference >> January 1999
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