All of the following statements regarding charitable remainder annuity trusts (CRATs) and charitable remainder unitrusts (CRUTs) are CORRECT except A)they may be established as revocable trusts. B)the annual payout to an income beneficiary may not exceed 50% of the value of the trust C)the remainder interest at inception must be greater than or equal to 10% of the original value of the property transferred to the trust. D)the remainder beneficiary is a charity.