Sign up with one click: Facebook Twitter Google Share on Facebook grantor Thesaurus Legal Financial Acronyms Wikipedia Related to grantor:grantor trust gran·tor (grăn′tər, -tôr′) n.Law One that makes a grant. American Heritage® Dictionary of the English Language, Fifth Edition. ...
Public Contracts Resources About Pricing Document Metadata Contract TypeIrrevocable Life Insurance Trust Apply as search filters Free Standard Templates Explore a free library of open-source, peer-reviewed contract standards, adopted by thousands of business around the world and signed millions of times....
Twitter Google Share on Facebook Grantor Also found in:Dictionary,Thesaurus,Financial,Acronyms,Wikipedia. Related to Grantor:grantor trust An individual who conveys or transfers ownership of property. In real property law, an individual who sells land is known as the grantor. ...
Grantor-retained interest trusts are irrevocable trusts that allow the grantor to save on both gift and estate taxes while still benefiting from trust income during the term of the trust, which can be a term of years or for the life of the grantor. Grantor retained interest trusts will only...
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Trustees can administer the trust on their own, but may need the assistance of an estate or trust attorney. A revocable living trust becomes irrevocable once the grantor dies. It can take as long as 18 months for beneficiaries to receive assets from the trust. ...
A GRAT is a trust created so that individuals and families can move wealth to heirs while using little, if any, of their lifetime federal gift and estate-tax exclusion. An individual would work with an attorney to set up an irrevocable trust and transfer assets into it. In return, the ...
An irrevocable trust requires the grantor to step aside after the trust is formed and funded with property and assets. The grantor cannot act as trustee and cannot reclaim the property funded into the trust. They can't change any of its terms, including its named beneficiaries. As the name ...
Irrevocable grantor trust can provide estate tax planning opportunity for S shareholders. (Brief Article)Dunn, William J
A grantor retained annuity trust is a type of irrevocable trust that allows the individual who created it, referred to as thegrantor or trust maker, to potentially pass a significant amount of wealth to the next generation with little or no gift tax cost. ...