Monday, May 6, 2024
Deferred Gifts

3.6.5 Basic Quiz -- Layered Lead Trusts
The longer the lead trust duration, the higher the deduction.
     True      False
A large enough charitable deduction will allow the donor to pass property to others with little or no transfer taxes.
     True      False
It is possible for the donor to create several lead trusts that terminate at different times.
     True      False
Each lead trust must have a minimum 5% payout.
     True      False
Each lead trust must be funded with the same amount.
     True      False
When creating several lead trusts, it is possible to have one or more lead trusts pass to grandchildren.
     True      False
With a lead trust, it is always better to use the highest applicable federal rate to receive the largest tax deduction.
     True      False
Donors typically do not want their heirs to have to wait too long before receiving the property from the lead trust.
     True      False
The larger the payout to charity from the lead trust, the higher the deduction.
     True      False
It is possible to use a family limited partnership to fund one or more of the lead trusts and receive a double discount on the transfer.
     True      False



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