A Charitable Remainder Trust Is Used to Reduce Income and Capital

Multiple Choice

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