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GRATSGenealogy Research and Tracking System (U.S. Department of Homeland Security)
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"Depending on specific circumstances, a GRAT Grantor Retained Annuity Trust may allow a business owner to transfer the future appreciation of the enterprise to the next generation without tapping into the donor's estate or gift tax exemption," according to Brew.
The donor's gift tax return reported the purchase of the remainder interests in the GRATs as nongifts, asserting that the donor received adequate and full consideration in money or money's worth.
For example, a trust mechanism called a Grantor Retained Annuity Trust (GRAT) has been deployed by hundreds of executives, according to Securities and Exchange Commission filings, including by Facebook founder Mark Zuckerberg, fashion designer Ralph Lauren, DISH Network Chairman Charles Ergen, and 84 current and former partners from Goldman Sachs, including CEO Lloyd Blankfein.
Similar to the CRTs, QPRTs and GRATs, spousal interests in a SLAT should be reviewed in the context of the property settlement or alimony aspects of a divorce.
With a GRAT, a grantor transfers assets which have a high potential for producing income to a trust, and receives an annuity for a term of years.
Grantor retained annuity trusts: A GRAT is a type of irrevocable trust that allows a parent to transfer income-producing assets to the trust in exchange for an income interest for a term of years.
(13) This comment will then clarify the operation of the grantor trust rules and provide a primer on some of the trusts those rules allow, including GRITs, GRATs, GRUTs, QPRTs, ILITs, and IDGTs.
* GRATs. Most GRATs are set up to run for a very short period--often two or three years.
Numerous tecniques have been described for nipple reconstruction following mastectomy (e.g., local adipocutaneous lap, distant tissue laps, cartilage grats, local laps as bell, skate flaps, star flaps, bilobed flaps, trilobed flpas, and C-V flap technique) but no one is entirely satisfactory.
Grantor retained annuity trusts (GRATs) are a popular method of reducing
[check] Plan to implement grantor retained annuity trusts (GRATs), if they make sense for your clients, since their benefits could be curtailed.
It seemed to me, at that time, that they all liked the money they were making drafting wills, GRATS (grantor retained annuity trusts), CRATS (charity remainder annuity trusts), GRITS (grantor retained income trusts), and GRUTS (grantor retained unitrusts) way better than the idea of justice for the wealthy.