Which of the following trusts allow the designated beneficiary to receive variable annuity income?

Question

Quizplus · Accepted Answer

Only the Charitable Reminder Unitrust allows designated beneficiaries to receive variable annuity income. A charitable reminder trust allows for either a fixed annuity income or a percentage of the trust's assets to be distributed to the beneficiary, while a charitable lead trust pays income to a charity first and then passes the remaining assets to the beneficiaries. A Charitable Fixed Income trust generally provides a fixed income stream to the charity.

Which of the Following Trusts Allow the Designated Beneficiary to Receive