CTFA Certified Trust And Fiduciary Advisor Exam

What is the minimum payout rate required for a qualified Charitable Remainder Trust under IRC Section 664?

3% of the initial or annual fair market value, depending on trust type 5% of either the initial net FMV (CRAT) or the annually revalued FMV (CRUT) 7% to ensure sufficient benefit to income beneficiaries 10% to satisfy the IRS charitable intent requirement

Correct Answer:

5% of either the initial net FMV (CRAT) or the annually revalued FMV (CRUT)

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