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Grantor retained annuity trust (GRAT): Enables the grantor to put certain belongings into A brief trust account and freeze its price, eradicating additional appreciation in the estate and providing it to heirs with negligible estate or reward tax legal responsibility.

Wise Vocabulary: similar text and phrases Trusts & resources annuity blind trust charitable trust covenant something to anyone/something fund funding holding enterprise kitty mutual fund non-discretionary pension fund pension plan slush fund aid syndic the Consolidated trust bet Fund trust fund trustee trusteeship device trust See more success »

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Just about every trust falls into 6 wide classes—residing or testamentary, funded or unfunded, revocable or irrevocable.

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