Grantor Trust

Grantor Retained Annuity Trust and Grantor Retained Unitrusts (GRAT or GRUT)

GRAT and GRUTs are forms of trust whereby the trust creator (grantor) gifts the remainder interest in the trust property to donees (e.g., children) after receiving income from it for a fixed term of years. The value of the gift is reduced by the value of the grantor's retained income interest as determine by IRS tables. If the grantor survives the GRAT's and GRUT's term, the value of the remaining property for gift tax purposes may be significantly less than its actual value. Very difficult to foreclose on annuity or unitrust interest.

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