Improperly Drafted Charitable Remainder Unitrust (CRUT) Results in Loss of Estate Tax Charitable Deduction

December 7, 2007

Roger McEowen

The United States Court of Appeals for the Seventh Circuit has affirmed the Tax Court and denied an estate's claimed charitable deduction for a nonqualified charitable remainder trust. In the process, the court also rejected the estate's argument that the deduction should be allowed based on substantial compliance with the tax code.

Improperly Drafted Charitable Remainder Unitrust (CRUT) Results in Loss of Estate Tax Charitable Deduction (PDF)

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