Problem

Which of the following is a charitable lead trust?a. The income of the trust fund goes to...

Which of the following is a charitable lead trust?

a. The income of the trust fund goes to an individual until death, at which time the principal is conveyed to a charitable organization.

b. Charitable gifts are placed into the trust until a certain dollar amount is achieved and is then transferred to a specified charitable organization.

c. The income of a trust fund goes to a charitable organization for a specified time with the principal then being conveyed to a different beneficiary.

d. A charity conveys money to a trust that generates income for the charity’s use in its various projects.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search