Fred and Adele have a sizable estate ($4.5 million). They desire a stream of income to supplement their retirement income while also qualifying them for a charitable deduction. They feel they can use $1 million of their assets to fund this stream. They plan to give the $1 million to the American Heart Association they are to receive $50,000 per year for 20 years (to supplement their other retirement income). What are the characteristics of the type of trust that can achieve this objective?

Group of answer choices

The trust assets must be revalued annually in order to determine the income payout amount

Fred and Adele's income stream will fluctuate with the value of the portfolio, each year

Fred and Adele can make additions to the trust as their cash flow permits.

There is no inflation protection in the distribution of income, but it is a guaranteed amount for 20 years.