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Business, 24.12.2019 23:31 eddsworldfrantic

Dave hall did some estate planning recently and decided to establish a trust for his favorite museum, the national baseball hall of fame. he put $6 million into a revocable charitable remainder trust whereby all income from the trust would go to his children until the youngest reaches age 35. at that time, the remaining trust assets would be contributed to the hall of fame. an actuary for the trust estimated, based on the current ages of hall's children, that $3.2 million could be contributed to the hall of fame. how should the hall of fame report this arrangement when it learns of the trust?

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