A charitable remainder trust is used to reduce income and capital gains taxes while increasing the trustor's immediate cash flow. Some of the benefits for the trustor of this type include:
A) the trust never ends and continues to perform charitable acts for the beneficiaries without the need for the trustor to be involved
B) an income for the trustor which is free of taxes
C) a lifetime of income from the trust assets during his/her life or a specified number of years
D) None of the choices are correct
Correct Answer:
Verified
Q29: There are _ main types of trusts.
A)
Q30: A trust is a _-party fiduciary relationship.
A)
Q31: _ trusts (or living trusts) are created
Q32: What is not considered a strategic benefit
Q33: A trustee may perform the following duties
Q35: Some Uniform Trust Code provisions provide against
Q36: The _ tax, a tax on the
Q37: Under the federal Tax Cuts and Jobs
Q38: The estate tax is one part of
Q39: The main difference between an estate tax
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