What is a Charitable Remainder Annuity Trust?
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A unique feature of a charitable remainder trust is that you may tailor the annual income the trustee will pay. A charitable remainder annuity trust pays a fixed dollar amount that you select when you create the trust. If you prefer the security of a fixed income and can fund the trust entirely at one time, an annuity trust may be a good choice for you. You may not make subsequent additions to an annuity trust.