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Recently, there has been a surge in Grantor Retained Annuity Trusts (GRATs) as part of an estate plan (the trust pays an annuity to the

Recently, there has been a surge in Grantor Retained Annuity Trusts (GRATs) as part of an estate plan (the trust pays an annuity to the grantor for a fixed term and thereafter pays the trust balance to the remaindermen). What are the benefits and detriments of using this type of trust?

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