Question
The Nana Family Trust was created by the will of Christian Nana. The trust document contained the following clause: All trust income shall be distributed
The Nana Family Trust was created by the will of Christian Nana. The trust document contained the following clause: All trust income shall be distributed to Aleksi Nana each year, except for $2,000 annually, which shall be distributed to St. Xavier's Research Hospital. St. Xavier's Research Hospital is a charitable organization qualified to receive tax-deductible contributions. This year, $2,000 was distributed to St. Xavier's, and $15,000 was distributed to Aleksi. What type of trust is the Nana Family Trust?
A)A grantor trust.
B)A revocable trust.
C)A complex trust.
D)A living trust.
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