Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The principal advantage of using a GRAT or GRUT is to: a. Remove property from the grantor's estate if the grantor dies during the trust

The principal advantage of using a GRAT or GRUT is to:

a. Remove property from the grantor's estate if the grantor dies during the trust term.

b. Provide for discretionary distributions during the trust term.

c. Make gifts which qualify for the annual exclusion.

d. Obtain a discounted value for the remainder interest.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Private Debt Yield Safety And The Emergence Of Alternative Lending

Authors: Stephen L. Nesbitt

2nd Edition

1119944392, 978-1119944393

More Books

Students also viewed these Finance questions

Question

What is its position?

Answered: 1 week ago

Question

What are the organizations relationship goals on this issue?

Answered: 1 week ago