STEP Society Of Trust And Estate Practitioners (TEP) Certification

In a Charitable Remainder Trust (CRT), what happens to the trust assets at the end of the trust term?

Assets pass to the income beneficiary's estate Assets are liquidated and distributed equally among all beneficiaries The remaining assets pass to the designated charitable beneficiary Assets revert to the original grantor

Correct Answer:

The remaining assets pass to the designated charitable beneficiary

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