Multiple Choice
Which of the following is NOT a benefit of a charitable remainder trust?
A) It acts as a form of life insurance that benefits the settlor's children.
B) It reduces income tax.
C) It increases current income by providing life income for the settlor.
D) It reduces federal estate tax liability.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: To qualify for the charitable deduction, a
Q9: A charitable remainder annuity trust allows for
Q10: Which is NOT a common method of
Q11: MATCHING:<br>-The right to pass on an interest
Q12: Only attorneys are qualified to give estate-planning
Q14: If a same-sex couple has a legally
Q15: MATCHING:<br>-An estate planning device whereby a portion
Q16: MATCHING:<br>-A trust in which the settlor or
Q17: MATCHING:<br>-An increase in the income tax of
Q18: MATCHING:<br>-An immediate and unrestricted interest in real