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Jonathan funds an irrevocable trust with assets worth $100,000. The trust is required to distribute 50% of its assets, valued only once at the time

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Jonathan funds an irrevocable trust with assets worth $100,000. The trust is required to distribute 50% of its assets, valued only once at the time the trust is funded (i.e., $5,000 per year) to Jonathan's children for a 15 year period, after which the trust will end in favor of the International Red Cross, a charity. This type of trust is called a: (a) Marital deduction trust. (b) Charitable lead trust (c) Charitable remainder annuity trust (CRAT) (d) Grantor Retained unitrust (GRUT)

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