One Measuring Life (CRAT)

The legal template "One Measuring Life (CRAT)" likely refers to a document related to establishing a Charitable Remainder Annuity Trust (CRAT) with a particular focus on measuring life expectancy.

A Charitable Remainder Annuity Trust is a type of charitable trust that provides income to beneficiaries for a fixed term or until death, after which the remaining assets are transferred to a designated charity or charitable organization. This legal template appears to offer a standardized framework for creating and managing such a trust with the specific inclusion of measuring life expectancy.

By incorporating the concept of measuring life, this template would likely address factors such as calculating the annuity payment amount, specifying the term for the annuity, tracking payments based on the life expectancy of the beneficiary, and determining the final distribution to the chosen charitable cause. The template might outline provisions related to ensuring the annuity payments are reliable and regular until the specified conditions are met. It could also contain instructions on adjusting the annuity amount in case the life expectancy of the beneficiary changes.

This legal document aims to provide a standardized and comprehensive framework for individuals or organizations wishing to create a Charitable Remainder Annuity Trust, while ensuring the income distribution aligns with varying life expectancies. The template likely streamlines the process by offering clear guidance on establishing the trust structure, determining payment calculations, and incorporating the necessary legal provisions for successfully implementing and managing the CRAT.