GRANTOR RETAINED ANNUITY TRUST (GRAT)

A grantor retained annuity trust may be an effective means for a wealthy client who wants or needs to retain all or most of the income from a high-yielding and rapidly-appreciating property to...

Read more

DYNASTY TRUST

A “defective” trust is a trust in which the grantor (or in certain cases, the beneficiary) is treated as the “owner” of the trust for income tax purposes, but no for estate, gift, or...

Read more

GRIT/QUALIFIED PERSONAL RESIDENCE TRUST

A grantor creates an irrevocable trust. He or she directs the trustee to pay the grantor the income from the trust for a specified number of years or allow him or her possession of the trust’s...

Read more

PRIVATE ANNUITY

Under a private annuity, an agreement is signed that requires one party (the transferor-annuitant) to transfer ownership of property to another party (the transferee-buyer). In return, the...

Read more

CHARITABLE REMAINDER ANNUITY TRUST (CRAT)

When a charitable remainder annuity trust (CLAT) is established, the grantor makes a gift of cash or property to an irrevocable trust. The grantor (and/or another noncharitable beneficiary) retains...

Read more