New Sample Charitable Lead Trusts From IRS
Author: Jerry McCoy.
Source: Volume 06, Number 06, September/October 2007 , pp.7-8(2)
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Abstract:
Recently, the IRS came to the rescue of the charitable lead trust (CLT) drafter with two rulings setting forth detailed instructions and forms (see box for IRS sample form). Revenue Procedure 2007-45, 2007-29 IRB 1, provides forms for the inter vivos charitable lead trust, while Revenue Procedure 2007-46, 2007-29 IRB 1, deals with the charitable lead trust. Both are in the same format as the more familiar charitable remainder trust forms.Keywords:
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