What is the difference between a charitable remainder unitrust and a charitable remainder annuity trust?
The major difference is in the valuation of the assets of the trust, which establishes part of the calculation for the determination of the amount of income received by the income beneficiary(-ies). The annuity assets are valued at the time the assets are placed in the trust and are never revalued. Annual payments remain the same, whether the assets appreciate (increase in value) or decline (lose value).
Related Questions
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- What is the difference between a charitable remainder unitrust and a charitable remainder annuity trust?
