GRIT

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Related to Grantor Retained Income Trust: IDGT
AcronymDefinition
GRITGrantor Retained Income Trust (estate planning)
GRITGuts Resilience Initiative Tenacity
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 Type Fire (UK)
GRITGroup, Range, Indication, Target (gunfire control)
References in periodicals archive ?
A grantor retained income trust can still be utilized effectively where the transferor transfers an interest in a personal residence to a trust and the transferor retains the right to use the property for residential purposes for a term of years.
Transfers to trusts include the most popular-the qualified personal residence grantor retained income trust (GRIT).
Prior to the changes brought about by the special valuation rules of Chapter 14, a grantor retained income trust (GRIT) was an effective technique for transferring property between generations.