| Grantor Retained Annuity Trust |
| The grantor retained annuity trust (also known as the GRAT) is an irrevocable trust. The grantor transfers assets into the trust and retains a fixed income for a fixed number of years. At the end, the principal passes to a non-charitable beneficiary. This trust is useful to save federal estate taxes and to protect assets from the public scrutiny of probate. |
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| Estate Planning & Asset Protection |
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