House Bill Could Crimp Benefit For Grantors of Retained Trust

Ackerman, Ruthie
April 2010
American Banker;4/14/2010, Vol. 175 Issue 57, p7
Trade Publication
The article reports on the U.S. House of Representatives' passage of the Small Business and Infrastructure Jobs Tax Act of 2010, which could limit the individuals' opportunities to cut their estate and gift tax bills. According to the article, estate planners didn't expect that restricting grantor retained annuity trusts (GRATS) would have a chance of being enacted. The key terms of a GRAT and the amount of money raised by tightening GRATS restrictions are discussed.


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