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
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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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Kelly Phillips Erb, Forbes, 5 Sep. 2024
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“Unitrust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unitrust. Accessed 5 Nov. 2024.
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