Tuesday, May 06, 2008

Something Actually Relevant to Finals

I'm studying for finals and, I kid you not, I just read this line in my estate planning textbook:

A 'flip unitrust' (FLIPCRUT) is a unitrust that begins as a NIMCRUT or NIOCRUT and, after a trigger event, flips to a fixed-percentage CRUT.

Henkel, Katherine G. Estate Planning and Wealth Preservation, 33-4.

I'm just gonna assume that I can get away with knowing about CRUTs and CRATs and skip memorizing the FLIPCRUT and NIMCRUT jazz. Am I right people?


Christina said...

I can't believe no one has commented on this yet. I mean, did nobody fall off their chairs laughing like I did? Come on people!

David said...

I know, what's this blog coming to?

Site Meter