charitable remainder unitrust

A CRT which pays a variable amount to the income beneficiary(ies) each year, based upon a percentage of the fair market value of assets typically as valued on the first day of each taxable year (known as the unitrust amount). The unitrust amount varies during the term of the CRT based upon a change in the fair market value of the assets in the CRT. There are four types of CRUTs, namely the standard CRUT (SCRUT), the income only CRUT (IOCRUT), the net income with make-up CRUT (NIMCRUT), and the "flip" CRUT.