Traditional pooled income funds have fallen from favor because payments were limited to net dividends and interest earned during a long period of declining interest rates. But recent changes in state trust law and new IRS regulations now allow us to craft a new kind of PIF: one that distributes tax-efficient payments that can increase over time as the trustee invests for capital appreciation as well as income. We will review these recent developments, describe how to establish and administer a total return PIF, and discuss investment, fiduciary, and marketing/communications issues. Syllabus for Gift Planners code: 3.01.05  MORE »

This session discusses the difficulties of the pooled income fund associated with payout of trust accounting income. It presents the possibility of creating a unitrust or unitrust-like payout format under the proposed IRC 643(b) regulations, the potential benefits of a PUF, and the options and tradeoffs that may be involved in creating such a planned giving vehicle. (Syllabus Code 3.01.05)  MORE »

The authors review the structure and characteristics of pooled income funds and suggest several specific types of PIFs that have benefits in certain situations. Syllabus for Gift Planners code: 3.01.05  MORE »