Charitable Remainder Annuity Trust (CRAT): Concurrent and Consecutive Interests For Two Measuring Lives (Florida)

This legal template is likely a document that outlines the establishment and terms of a Charitable Remainder Annuity Trust (CRAT) in the state of Florida, under the laws of the United States. A CRAT is a type of trust arrangement commonly used for philanthropic purposes, where the trust creator (known as the donor or grantor) transfers assets into the trust to provide income for themselves or other beneficiaries for a specific period of time, with the remainder of the trust assets going to a designated charitable organization upon termination.

The specific focus of this template appears to be on the measurement of the trust's duration by two individuals (referred to as "measuring lives"). In some cases, the trust income may be paid concurrently for the lifetimes of two individuals, while in other cases, the payments may be made consecutively, with one individual receiving income for their lifetime and then another individual receiving income for their lifetime.

The template would likely include provisions regarding the identification and roles of the measuring lives, the calculation and distribution of income payments, the termination and distribution of trust assets to the designated charitable organization, and any other requirements or restrictions imposed by Florida state law and the United States legal framework.

It is important to note that while this description provides a general understanding of what this legal template could be about, the actual content and details may vary based on the specific provisions, terms, and requirements of the trust arrangement.