A Charitable Remainder Annuity Trust Allows for Additional Contributions to Be

question 9

True/False

A charitable remainder annuity trust allows for additional contributions to be made to the trust property.

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Definitions:

Personal Nature

Characteristics or activities that belong to or are intended for a specific individual, often relating to private or intimate aspects of life.

Donee Beneficiary

In contract law, a person who benefits from a contract made between two other parties, where the intention is to gift the benefit or performance.

Promisee

A person to whom a promise is made or directed, particularly in a legal contract.

Familial Relationship

A social or blood connection existing between two or more people who are considered to be part of the same family unit.