Which оf the fоllоwing is (аre) correct? (1) A CRAT is аn irrevocаble trust in which the settlor receives periodic payments from the trust during the term of the trust; the payments are determinable at the outset and cannot be modified. (2) A CRUT is an irrevocable trust in which the settlor receives periodic payments from the trust during the term of the trust; the payments are based on the value of the assets in the trust and may change from year to year. (3) A GRATÂ is an irrevocable trust in which the settlor receives periodic payments from the trust during the term of the trust; the payments are determinable at the outset and cannot be modified.