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CLUT |
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A CLUT requires that the payment of the charitable lead interest be in the form of an annual or more frequent distribution of a fixed percentage of the net FMV of the trust property, determined annually. A CLUT should be considered only if it is estimated trust assets will perform at a rate of return in excess of the Sec. A CLUT slightly mitigates the income risk vis-a-vis a CLAT. |
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