CRUT–CLAT Comparison
Compare caller-supplied CRUT remainder and CLAT lead valuation factors.
Description
A CRUT/CLAT comparison applies caller-provided factors to the same contribution.
A CRUT/CLAT comparison applies caller-provided factors to the same contribution. It compares factor-derived deduction estimates without deriving the actuarial factors.1
Compare caller-supplied CRUT remainder and CLAT lead valuation factors.
When to use CRUT–CLAT Comparison
Use this tool to compare caller-supplied CRUT remainder and CLAT lead valuation factors.
Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
How to use CRUT–CLAT Comparison and understand its results
- Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
- Enter contributionValue, crutRemainderFactor, clatLeadFactor using the field table and calculation rules, then run the tool.
- Read crutCharitableValue, clatCharitableValue, charitableValueDifference, higherCharitableValue. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| contributionValue | Trust contribution value | number; minimum: 0 | Required |
| crutRemainderFactor | CRUT remainder factor | number; minimum: 0; maximum: 1 | Required |
| clatLeadFactor | CLAT lead factor | number; minimum: 0; maximum: 1 | Required |
Enter nonnegative contribution and factors from 0 to 1. Read both estimates, signed difference and the larger estimate’s label; exact equality returns tie.
crut=contribution×crutFactor; clat=contribution×clatFactor; difference=crut−clat Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| crutCharitableValue | CRUT charitable remainder value | number; minimum: 0 |
| clatCharitableValue | CLAT charitable lead value | number; minimum: 0 |
| charitableValueDifference | CRUT minus CLAT charitable value | number |
| higherCharitableValue | Higher modeled charitable value | string; one of "crut", "clat", "tie" |
{
"input": {
"contributionValue": 1000,
"crutRemainderFactor": 0.4,
"clatLeadFactor": 0.3
},
"output": {
"crutCharitableValue": 400,
"clatCharitableValue": 300,
"charitableValueDifference": 100,
"higherCharitableValue": "crut"
}
}Limitations and assumptions
Trust terms, mortality, actuarial rates, qualification and deduction limitations are not calculated.
Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.
Alternative or Complementary methods
Use GRAT Remainder Value: Model a GRAT taxable remainder from caller-supplied annuity and discount assumptions. For a complementary task, use QPRT Remainder Value: Model a QPRT remainder using caller-supplied property value, term, and discount rate.
References
-
CRUT–CLAT Comparison — tool.io
Similar or alternative tools
- GRAT Remainder Value
Model a GRAT taxable remainder from caller-supplied annuity and discount assumptions.
- QPRT Remainder Value
Model a QPRT remainder using caller-supplied property value, term, and discount rate.