Answer the following statements true (T) or false (F)

1. The difference between a charitable remainder annuity trust and a “charitable remainder unitrust” is that the fair market value of the trust property percentage is not fixed for the life of the beneficiary.
2. “Charitable lead trusts” are another form of revocable trusts.
3. In a charitable lead trust, the grantor donates cash or some other income-producing asset to a revocable trust.
4. The “cy pres doctrine” allows a court to find a charity with either the same or similar to give the charitable trust income and principal. This occurs when the original charity identified by the grantor no longer exists.
5. Trustors goals are most often general, as trusts are poor instruments to address specific goals.


1. T
2. F
3. F
4. T
5. F

Legal Studies & Paralegal

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