Percent of Annual Balance (Existing Trust)

The name and function of this prompt depends on whether you select Unitrust or Annuity.

If you select Annuity – Annual Annuity is the prompt name.
If you select Unitrust – Pct of Annual Balance is the prompt name. Enter the percentage of the income that will be received from the trust each year. Unlike an annuity, you do not have to worry about the amount of income passing the 5% probability test. However, the maximum payout cannot exceed 50% of the trust value.

Note: This prompt is not available if you select Qualified Personal Residence Trust.