Entering Values In The CRAT Payout Field

|Entering Values In The CRAT Payout Field

Entering Values In The CRAT Payout Field

What values do I enter into the “CRAT Payout” Field?

The data entered in the “CRAT Payout” field has to meet the following criteria:

  • The amount entered has to be at least 5% of the FMV of Trust. Any value entered lower than that will be forced to 5%. 
  • The maximum value allowed for this input is 50%. The program will force anything above this amount down to 50%.

This field will allow for either a percentage or dollar amount based on the following: 

  • Values entered between 0-5 will be set to the minimum value of 5.
  • Values entered as 5 to 50 will be used as a percentage.
  • Values entered from 50.00001 to 100 will be set to the maximum amount allowed for a percentage, which is 50%. 
  • When using a percentage entry: 5 significant decimal places are allowed. 
  • If you enter a value over 100, it is assumed as a dollar amount.
  • The same minimum and maximums apply (the amount has to be at least 5% and no greater than 50%). Example: If the FMV is $100,000, the minimum dollar amount would be $5,000, and the maximum would be $50,000. 
  • Note: If you choose to use the Optimizer for this model, it will default the payout to dollar amounts for more precision.
By |2021-03-10T21:53:46-05:00March 4th, 2021|Comments Off on Entering Values In The CRAT Payout Field