Cummings & Lockwood LLC
 Courthouse Columns

What are the general administration concerns involved with administering a CRUT?

Administration of a Charitable Remainder Unitrust (the “CRUT” or “trust”) involves investing the trust’s assets, revaluing them annually, making timely unitrust payments to the beneficiaries, preparing and filing returns in a timely manner, providing the beneficiaries with tax information regarding their unitrust payments, and accounting for the trust’s administration.