Funding testamentary CRT

Funding testamentary CRT

Forum topic posted in Forum on 19 February 2009| comments
audience: | last updated: 19 February 2009
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Joined: 03/16/2000
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A revocable trust provides for a specific bequest to a charitable remainder unitrust, e.g., $100,000. The CRT won't be funded for a couple of years after the settlor's death because of liquidity issues. We know we will have to make up unitrust distributions once the trust is funded. Do we also have to allocate trust income (income earned by the administrative trust during the period of estate administration) to the CRT, so that it would, in effect, receive more than the specific dollar amount with which it is to be funded?

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