CTFA Certified Trust And Fiduciary Advisor Exam

What is the primary characteristic of a Charitable Remainder Trust (CRT)?

It distributes all trust income directly to charity upon formation It provides income payments to non-charitable beneficiaries for a term, with the remainder passing to charity It transfers assets to charity only upon the grantor's death without providing interim income It requires equal distribution between charitable and non-charitable beneficiaries

Correct Answer:

It provides income payments to non-charitable beneficiaries for a term, with the remainder passing to charity

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