Which of the of the following is a difference between CRAT and a CRUT?
first of all we need to know what is CRAT and CRUT
CRAT refers to charitable remainder annuity trust and CRUT refers to charitable remainder unitrust.
The CRAT provides income as a fixed dollar amount while the CRUT provides income in a fixed percentage .
The CRAT provides income on the assets of the trust so the amt is always fixed but in acse of CRUT the income is based on the assets of the trust but at a fixed percentage thus it requires revaluation every year thus the income will vary every year
Which of the of the following is a difference between CRAT and a CRUT?
which of the following is not permitted net income crut? a flip crut. b. niacrut. c. nicrut, d nimcrut
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