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GRIT
(redirected from Grantor Retained Income Trust)

    Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
AcronymDefinition
GRITGrantor Retained Income Trust (estate planning)
GRITGirl Raised In the South
GRITGhost Recon: Island Thunder (game)
GRITGraduated and Reciprocated Initiatives in Tension-Reduction (psychology)
GRITGradual Reduction in Tension
GRITGroup, Range, Indication, Target (gunfire control)
GRITGroup Range Indication Type Fire (UK)
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The use of Grantor Retained Income Trusts (GRITs), Grantor Retained Annuity Trusts (GRATs) and Grantor Retained Unitrusts (GRUTs) can be used as effective tools in estate planning for S Corp shareholders.
Estate planning with S corporations after 1997 using GRITS, GRATS and ... by Auster, Rolf; Tyler, Michael L.; Cramer, Lowell / The National Public Accountant
Transfers to trusts include the most popular-the qualified personal residence grantor retained income trust (GRIT).
Transferring the personal residence: income and transfer tax planning ... by Belkin, Eileen W. / The Tax Adviser
In 1985, the O'Reillys donated 20 shares of stock in their closely held corporation to various grantor retained income trusts with terms of two to four years.
IRS tables can't be used to value remainder interest in low-dividend ... by Journal of Accountancy
 
 
 
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