grit

(redirected from Grantor Retained Income Trust)
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Related to Grantor Retained Income Trust: IDGT
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2036 alone covers the inclusion and valuation of two types of grantor trusts in a decedent's gross estate: charitable remainder trusts and grantor retained income trusts.
In 1985, the O'Reillys donated 20 shares of stock in their closely held corporation to various grantor retained income trusts with terms of two to four years.
Qualified personal residence grantor retained income trusts (residence GRITs) are perhaps the most universally applicable and attractive gift planning device currently available for clients.