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A very wealthy person is considering establishing an irrevocable trust, keeping an interest for 10 years and then letting the trust terminate in favor of
A very wealthy person is considering establishing an irrevocable trust, keeping an interest for 10 years and then letting the trust terminate in favor of her issue. She understands that this will leverage her AEA. Explain why a contingent reversionary interest decreases the value of the remainder interest in a QPRT but not in an otherwise qualified GRAT.
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