Which of the following statements concerning the advantages of the charitable remainder annuity trust over the charitable remainder unitrust is (are) correct?
I The annuity trust is easier to administer.
II The annuity trust may provide a larger current income tax deduction.
III The annuity trust may provide a greater value for the remainder interest.
A. I only
B. I and II only
C. II and III only
D. I, II and III
Provide a detailed explanation.