CTFA - Certified Trust and Fiduciary Advisor Practice Test
CTFA Charitable Planning and Philanthropy
What is the primary characteristic of a Charitable Remainder Trust (CRT)?
Select your answer
A
It distributes all trust income directly to charity upon formation
B
It provides income payments to non-charitable beneficiaries for a term, with the remainder passing to charity
C
It transfers assets to charity only upon the grantor's death without providing interim income
D
It requires equal distribution between charitable and non-charitable beneficiaries
Hint
