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Charitable Remainder Trust Revenue Procedure 2016-42

BCLP

IRS Provides Sample Language for “Qualified Contingency” to Meet “Probability of Exhaustion Test”

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One of the many requirements that a trust must meet in order for it to qualify as a Charitable Remainder Annuity Trust (“CRAT”) is the “Probability of Exhaustion Test”. This test applies to CRATs whose annuity term is based...more

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