date:Sep 18, 2013
s, president of Charitable Trust Administrators Inc. in Tustin, California.
The interest rates have prompted calls for reform even by some estate planners who set up Jackie O. trusts and the non-profit groups that benefit from them. One alternative floated at a Senate Finance Committee hearing in 2008 was to value the donation when the trusts actually give the money to charity, rather than guessing at the amount beforehand.
Back in 1989, when Congress chose Treasury yields for the trust calcul