Saturday, May 4, 2024
Deferred Gifts

3.5.5 Basic Quiz -- Lead Unitrust
A charitable lead unitrust makes the same fixed dollar amount payments to one or more qualified charities for the term of the trust.
     True      False
If a charitable lead trust is created for the benefit of grandchildren, a unitrust payout rather than an annuity trust payout should be used.
     True      False
The charity will benefit from any growth in the charitable lead unitrust.
     True      False
It is allowable to do a net income only or a net income plus makeup charitable lead unitrust.
     True      False
The charitable lead unitrust must be revalued every year.
     True      False
The most common payment frequency of a lead trust is an annual payment.
     True      False
A charitable lead unitrust is not allowed to pay more to the charity than the selected payout percent times the trust value as of the beginning of the trust taxable year.
     True      False
A charitable lead unitrust will never produce a 100% gift or estate tax deduction.
     True      False
A donor can retain the right to change charities in a charitable lead unitrust document.
     True      False
A charitable lead unitrust must be valued only on January 1st of each year.
     True      False



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