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

The Charitable Remainder Unitrust (CRUT) template specifically pertains to the state of Massachusetts under USA law. It provides a legal framework for establishing a trust arrangement wherein individuals can transfer assets to a charitable institution, while still ensuring they receive fixed percentage payments from the trust for a specified period, based on the life expectancy of a chosen measuring life. This legal document outlines the rules and regulations surrounding CRUTs, ensuring compliance with Massachusetts state laws and US federal laws governing trusts and charitable contributions. It includes provisions to specify the fixed percentage payment to the individual, the term of the trust, the measuring life, and other relevant details. This template acts as a starting point for individuals seeking to create a structured charitable giving plan while still maintaining financial security during their lifetime.