- grantor-retained income trust
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Category: Wills, Trusts & Estates → Estate TaxCategory: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
grantor-retained income trust
Look at other dictionaries:
Grantor Retained Income Trust — ( GRIT) A tax saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income. Bloomberg Financial Dictionary … Financial and business terms
GRANTOR RETAINED INCOME TRUST — (GRIT) вид доверенности (trust), который позволяет избежать налогов на имущество в случае, если доверитель (grantor) проживает дольше истечения срока доверенности. Такая доверенность не может быть расторгнута и должна иметь срок не менее 15 лет,… … Финансово-инвестиционный толковый словарь
grantor-retained trust — An irrevocable trust designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries … Law dictionary
Trust — may refer to:* Trust (social sciences), a relationship of reliance. ** Trust Fall, a trust building game.In law: * Trust law, where money or property is owned and managed on behalf of another * Escrow, where a thing is held in trust until… … Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… … Wikipedia
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
GRIT — ( Grantor Retained Income Trust) A tax saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income. Bloomberg Financial Dictionary … Financial and business terms
GRIT — grantor retained income trust траст с правом удержания прибыли … Финансово-инвестиционный толковый словарь
Qualified personal residence trust — The following article on personal residence trusts and qualified personal residence trusts is taken from attorney Jacob Stein s treatise on tax planning, with his permission. Residence trusts are used to transfer a grantor’s residence out of the… … Wikipedia
