Question
Uriah wants to make a gift to United Way. He has a bond portfolio which generates $100,000 per year in income. Uriah wants to ultimately
Uriah wants to make a gift to United Way. He has a bond portfolio which generates $100,000 per year in income. Uriah wants to ultimately leave the portfolio to his nephew, Vic. Uriah has no need for the income from the portfolio. Which type of trust would meet Uriah's goal?
Grantor Retained Income Trust (GRIT)
Charitable Lead Trust (CLT)
Pooled Income Fund
Charitable Remainder Annuity Trust (CRAT)
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Introduction To Corporate Finance
Authors: William L. Megginson, M.D. Lucey Brian C., Scott J. Smart, Scott B. Smart, Bill Megginson
1st Edition
184480562X, 9781844805624
