How do I disolve a FLIP NIMCRUT?

How do I disolve a FLIP NIMCRUT?

Forum topic posted in Forum on 12 December 2008| comments
audience: | last updated: 12 December 2008
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Joined: 03/12/1999
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We entered into a Flip Nimcrut in 2005 with 3 properties in South Florida. We sold one property immediately and the others have produced healthy income as rentals. In fact the grantor is making more money now than before the CRUT. The situation has become unmanageable and myself and my President (who is extremely patient with donors) is ready to dissolve the trust. We have tried discussing with him there is no way he can get his fixed payment until the property flips. How do you disolve the trust?

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