When a trustor creates a “charitable remainder trust,” he intends to:
a. retain the income for his lifetime for himself or a beneficiary.
b. distribute the principal to an already named charity upon his or his beneficiary's death.
c. leave assets only to individuals with backgrounds in planned giving.
d. both a and b
d. both a and b
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___ is the name given to the business engaged in by real estate brokers.
Fill in the blank(s) with the appropriate word(s).
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Indicate whether the statement is true or false
A mortgage securing a note can be transferred separately from the note.
Answer the following statement true (T) or false (F)
An easement created to allow a landowner to use and enjoy her property, and without which, she or her land would suffer some substantial detriment, is an:
a. Easement by prescription b. Easement by necessity c. Adverse easement d. Easement in gross