<div dir="ltr">Okay, I have a Survivor's Trust that terminates and passes all assets to a Charitable Trust (Not Remainder Annuity, or Remainder Unitrust) which has stipulations that all proceeds, income or principal, must be distributed to 501(c)(3) organizations. <div><br><div>Obviously, we need to get a tax EIN and the trust will have to file 1041s and 990s. In order to eliminate estate taxes paid for distributions to this charitable trust from the survivor's trust, we need to file a Form 1023; are there other options? We also have the ability to convert it to a private foundation/corporation rather than leaving it in trust ???? other suggestions?? </div><div><br></div><div>Who out there in listserve land does this regularly?</div><div><br></div><div>The trust will originally hold 8-9 million dollars. Trustees intend to distribute all within 10 years.</div><div><br></div><div>Thanks and Happy Thansgiving!<br clear="all"><div><br></div>-- <br><div class="gmail_signature"><div dir="ltr"><font face="arial, helvetica, sans-serif">Katharine P. Bauer</font><div><font face="arial, helvetica, sans-serif">Bauer Pitman Lifetime Legal, PLLC<br>1235 Fourth Ave. East, Suite 200<br>Olympia, Washington 98501<br>tel. 360.754.1976<br>fax. 360.943.4427</font><br><div>
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