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