Customize a Hypothetical CRT Scenario to Control Family Wealth – Vaughn Henry & Associates
Need A Hypothetical CRT Scenario?
CRT Scenario Options
| Your Name: | |
| Your Email Address (or postal address, if you prefer) please enter carefully or any response will be lost: | |
| Your State of Residence: | |
| What is your federal and state marginal income tax rate % (each, e.g., 28%, 7%): | |
| Date of Birth for 1st Income Beneficiary (MM/DD/YYYY): | |
| Is There More Than One Income Beneficiary? (number of other people to receive income): | |
| Is the ‘Second’ Income Beneficiary a Spouse? If not, the tax benefits may differ
What’s His/Her Date of Birth MM/DD/YYYY? Any Background Comments or Concerns?: |
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| Type and Description of Asset Contributed?
Background Comments on Asset: |
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| Asset’s Fair Market Value $$: | |
| Asset’s Tax Basis $$: | |
| Current Pre-Tax % Return on Contributed Asset
(What Does it Earn and/or Appreciate Annually): |
Check only if the asset is mortgaged or encumbered
Check if asset is owned by an individual (not corporation or partnership)
Check if the charitable beneficiary/ies is/are public charities or 501(c)3 organizations
OR (select either the private or public charity box, not both)
Check if the charitable beneficiary/ies is/are private charities or family foundations
(do you want your family to control the charitable distributions?)
Check if a “Zero Estate Tax Plan” is a desired goal
(assets that otherwise would go to the IRS are redirected to family philanthropies)
Check if a retirement plan or IRA is a significant part (50%+) of the estate’s assets
Check if the estate’s assets exceed $1,500,000
Check box if you are satisfied that your estate plan, trust or will has eliminated all unnecessary taxes and is currently up to date
Check box if there are family heirs to protect with a wealth replacement trust
(using insurance or other gifted assets to replace wealth transferred to charity)