25-Oct-21
Grantor Retained Income Trust – Infrequently Used
Take-Away: A grantor Retained Income Trust, or GRIT, is an infrequently used trust to remove an asset from the grantor’s taxable estate with a discounted value for the gift, which may still be useful albeit in limited situations. Background: A grantor retained income trust (GRIT) is an irrevocable trust where the settlor transfers assets to […]
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