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The Effective Use Of GRITs To Reduce The Gross Estate

TAXES The Tax Magazine

A grantor retained income trust (GRIT) is an irrevocable trust established by the grantor (the “contributor” of funds to the trust) in which the grantor retains the right to the income from the trust for a term of years (or for a period ending on the first to occur of the grantor’s death or the expiration of the term of years).

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