Do CRTs and CLTs Need To Be Registered With the CA Attorney General?
It is common knowledge in the nonprofit community that a charitable entity operating in California is required to register with the California Attorney General. The initial registration is accomplished by filing Form CT-1 with the California Attorney General and paying the registration fee. The Form CT-1 should be filed within 30 days of the charity receiving assets.
What about charitable remainder trusts and charitable lead trusts? Are they required to register with the California Attorney General?