Unitrust amount definition
Unitrust amount means an amount computed as a percentage of the fair market value of the trust.
Unitrust amount means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust policy, the term means the applicable value, multiplied by the unitrust rate.
Unitrust amount means an amount equal to a percentage of a unitrust's assets that may or are required to be distributed to one or more beneficiaries annually in accordance with the terms of the unitrust. The unitrust amount may be determined by reference to the net fair market value of the unitrust's assets as of a particular date each year or as an average determined on a multiple-year basis.
Examples of Unitrust amount in a sentence
The Trustee has a duty to provide accurate information to the Administrator for purposes of trust valuation on an annual and/or periodic basis as required to deter-mine the Unitrust amount payable each year.
More Definitions of Unitrust amount
Unitrust amount means an amount computed by multiplying a
Unitrust amount means an amount computed as a percentage of
Unitrust amount means an amount equal to a
Unitrust amount means an amount equal to a percentage of a unitrust's assets that
Unitrust amount means an amount computed by multiplying a determined value of a trust by a
Unitrust amount means a distribution mandated by the terms of a trust in an amount equal to a fixed percentage of not less than three or more than five percent per year of the net fair market value of the trust's assets, valued at least annually. The unitrust amount may be determined by reference to the net fair market value of the trust's assets in one year or more than one year.
Unitrust amount means the amount determined by multiplying the fair market value of the assets as defined in paragraph (b) by the percentage calculated under paragraph (2)(b).