We have recently found that donors who established Charitable Remainder Trusts years ago are in much different personal financial situations today than when they established the trusts. As a result, a revisit of the current operation of the trust to determine if it meets the needs of both donor, their family, and the eventual charitable beneficiary is certainly in order. Income needs, tax bracket changes, family dynamics, legacy desires, and investment performance all play a part in determining the current suitability of the trust arrangements. In some cases the donor saw fit to make changes to the current operation of the trust, to accelerate the eventual gift, or to sell their income interest in the trust, or some combination of these alternatives. CRTs that were established years ago should be reviewed for current suitability and appropriate action should result.
Outdated CRT
