10. Charitable Remainder Trust (6 points) A Grantor creates a Charitable Remainder Trust on July 4, 2019. He funds the trust with $1,000,000 of privately held stock (basis = $200,000). The trust will make a 5% distribution annually ($50,000) to the Grantor's son for ten years. The value of the ten year annuity stream (the distribution) has been determined to be $400,000. The Rock Hill YMCA will receive the balance of assets in the trust on the 10th anniversary. How much of his Lifetime Exclusion does the Grantor use by the creation of this CRT? What is the charitable deduction received in 2019? Name two tax benefits provided by the CRT. 10. Charitable Remainder Trust (6 points) A Grantor creates a Charitable Remainder Trust on July 4, 2019. He funds the trust with $1,000,000 of privately held stock (basis = $200,000). The trust will make a 5% distribution annually ($50,000) to the Grantor's son for ten years. The value of the ten year annuity stream (the distribution) has been determined to be $400,000. The Rock Hill YMCA will receive the balance of assets in the trust on the 10th anniversary. How much of his Lifetime Exclusion does the Grantor use by the creation of this CRT? What is the charitable deduction received in 2019? Name two tax benefits provided by the CRT