The IRS Says:
          
          
               The Internal Revenue Code imposes strict
          requirements on a CRT, including:
               *  an irrevocable transfer of property to the
          trust, which must be reported by the donor and the
          trust on IRS forms;
               *  payment by the trust of a certain percentage of
          the value of the trust assets to one or more non-
          charitable beneficiaries for a period measured by their
          lifetimes, or up to a maximum of twenty years beyond
          their lifetimes;
               *  minimal payments of at least 5 percent of the
          value of the trust assets to the beneficiaries, a
          percentage that once chosen, cannot be changed during
          the life of the trust;
               *  the remaining trust principal must be
          distributed to one or more qualified tax-exempt
          charitable institutions when the trust terminates -
          this being the key provision of a CRT.