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What Is the Difference Between a Charitable Remainder Trust and a Charitable

Question 92

Multiple Choice

What is the difference between a charitable remainder trust and a charitable lead trust?


A) A charitable remainder trust allows the grantor to retain the cash flows of the donated asset, while the charitable lead trust provides income to the charity, after which the property goes to a beneficiary of your designation.
B) A charitable lead trust allows the grantor to retain the cash flows of the donated asset, while the charitable remainder trust provides income to the charity, after which the property goes to a beneficiary of your designation.
C) Both a charitable lead trust and a charitable remainder trust allow the grantor to retain the cash flows of the asset given to the trust and the charity to possess the asset after the grantor's death.
D) Both a charitable lead trust and a charitable remainder trust allow the charity to maintain both the asset and the income generated by the asset.

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