Sunday, May 5, 2024
Deferred Gifts

3.10.10 Basic Quiz -- Investments of Unitrust Corpus
Charitable remainder trusts may not hold a life insurance policy as an investment.
     True      False
Attorneys and CPAs normally are not Registered Investment Advisors (RIA) and therefore are not authorized to make specific investment recommendations.
     True      False
The IRS has rules prohibiting charitable remainder trusts from investing in junk bonds.
     True      False
One hundred basis points is the equivalent of 1%.
     True      False
If a Unitrust has a low return rate, it is important to minimize fees and costs.
     True      False
UPIA stands for the "United Property Investment Act."
     True      False
100 basis points is a common fee for a private trustee and investment advisor.
     True      False
Four-tier accounting and investment strategy determine the type of income the trust pays to the beneficiary.
     True      False
It is acceptable under the UPIA for a trustee to invest only in municipal bonds.
     True      False
A charity may serve as a trustee and assist in the investment strategy.
     True      False



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