Q: What is meant by 4% Unitrust ?
4% Unitrust – income beneficiary gets 4% each year and trust revaluation (NY and PA are considering this)
• Why 4% when current CD interest rate is 6%? Then taking 2% from beneficiary and giving to remaindermen
• But remaindermen normally stolen FROM
• Take into account fees and expenses?
• Should the goal be income not the remainder because income normally to kids/spouse
• Can change percentage
• Can signify that income/remaindermen are more important and trustee should focus on one or other OR
• Could create discretionary trust
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