unitrust

noun

uni·trust ˈyü-ni-ˌtrəst

: a trust from which the beneficiary receives annually a fixed percentage of the fair market value of its assets

Examples of unitrust in a Sentence

Recent Examples on the Web Additionally, taxpayers who are 70½ or older can now make a one-time election of up to $50,000—indexed for inflation—from their IRA to a split-interest entity like a charitable remainder unitrust. 529 Plans. —

Kelly Phillips Erb, Forbes, 5 Sep. 2024

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