Charitable Remainder Trusts
11. Income Choices
You have two choices of how to receive income from the trust.
You can elect to receive a fixed percentage of the trust assets, like Max and Jane did. In this case, your trust would be called a charitable remainder unitrust.
Or you can receive a fixed dollar amount, and your trust would be called a charitable remainder annuity trust.
NOTE: With either the unitrust or annuity trust, the IRS requires that the payout rate stated in the trust document cannot be less than 5% or more than 50% of the initial fair market value of the trust's assets.