Grantor Retained Income Trust (GRIT)
In a GRIT, the grantor transfers assets to an irrevocable trust and retains the right to income for a term of years.
IRC § 2702 made GRITs ineffective for use in estate planning.
In a GRIT, the grantor transfers assets to an irrevocable trust and retains the right to income for a term of years.
IRC § 2702 made GRITs ineffective for use in estate planning.