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Strategies & Market Trends : Repeal the Estate Tax? -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (20)	8/8/2000 7:44:22 PM
From: donjuan_demarco	Read Replies (1) \| Respond to of 30

Ray Smith: (1) This is something I haven't looked at in several years. But my understanding is that when you set up the CRUT, you don't have to decide on one particular charity. But you (the grantor) cannot retain discretion over which charity gets the money (as opposed to the trustee's discretion). But the trustee can decide among qualified charities, so long as he is obligated to give the remainder to charity. (2) Re going rate, that is a tough question. Around my area, rock bottom is $1500. My minimum fee for a CRUT is $2500 (it will take me at least 7 hours to convince the guy that there is no way you can make money by giving it away, including crunching the numbers). As you might guess, I am not inclined towards CRUTS or CRATS. With the favorable LTCG rate, there is no reason to do a CRUT or CRAT. There is a word for the people who pitch them: Thieves There is a word for the people who buy them: Fools