Charitable Remainder Unitrust (CRUT): Fixed Percent Unitrust Payment for Term of One Measuring Life (Florida)

This legal template refers to a Charitable Remainder Unitrust (CRUT) specifically designed for residents of the state of Florida under the jurisdiction of United States law.

A Charitable Remainder Unitrust is a type of trust agreement where an individual, referred to as the donor, transfers assets to a trust. The trust then pays a fixed percentage of the trust's fair market value to one or more non-charitable beneficiaries, typically for the lifetime of one individual identified as the measuring life.

In this specific template, the fixed percentage unitrust payment is established for a predetermined term, linked to the lifespan of the measuring life. The trust agreement is further tailored to comply with the legal provisions and requirements applicable in the state of Florida, ensuring adherence to local regulations.

By utilizing this legal template, individuals residing in Florida can establish a structured and legally-approved Charitable Remainder Unitrust, providing a steady income stream to designated beneficiaries while also including philanthropic provisions to support charitable causes.