Journal Publications

The first comprehensive analysis of IRS Form 5227 microdata on charitable remainder trusts since the IRS's 2014 study of filing year 2012. Using seven years of publicly available microdata (2016–2022), the article examines CRT population trends, new trust formations, asset distributions, and trust longevity. Key findings: the CRT population declined approximately 10 percent — from 105,860 trusts in 2012 to 95,165 in 2022 — while new formations remained stable at roughly 2,462 per year, indicating that terminations are outpacing formations as trusts established in the 1990s mature. The article also documents significant methodological issues in the IRS data, including the inutility of the FR_1041_CD classification field, the absence of trust-type data for 2017, and pervasive quality problems in the ASSET_CD and ASSET_AMT fields that preclude reliable asset-size analysis.

Preprint version of the Journal of Financial Planning manuscript. A 10,000-path Monte Carlo simulation benchmarking CRUT outcomes against hold-and-draw, hold-to-death with IRC §1014 step-up, and liquidate-and-reinvest strategies across a systematic suitability parameter space.

A practitioner-oriented tutorial on the actuarial mechanics of charitable remainder unitrust valuation under Treasury Regulation §1.664-4. Demystifies the IRS §7520 discount rate, 2010CM mortality table, and interpolated remainder factors.

An analysis of California Assembly Bill 1663 and its introduction of less-restrictive alternatives to conservatorship under the Lanterman-Petris-Short Act framework. Examines the legislative background, procedural mechanics, and practical implications for estate planning practitioners.