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Grantor retained annuity trust (GRAT): Allows the grantor To place specified property into a temporary trust account and freeze its price, removing additional appreciation within the estate and giving it to heirs with nominal estate or reward tax liability.
[countable, uncountable] (legislation) an arrangement by which a corporation or a group of men and women has authorized control of revenue or home that has been provided to somebody, typically right up until that person reaches a specific age; an amount of money or home that is certainly managed in this manner
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Wise Vocabulary: linked text and phrases Trusting instead of trusting (you are able to) rely upon/on it idiom acknowledge/just take anything on faith idiom financial institution bank on another person/something think believe in something distrust distrustful 1trustbet distrustfully have religion!
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on them for being prepared to do it.[two] Discover that the 2nd two situations refer to a link concerning
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Funded or Unfunded A funded trust has assets put into it with the trustor for the duration of their life time. An unfunded trust consists only from the trust settlement without having funding.
Clever Vocabulary: connected text and phrases Hoping and hopefulness appealingly boosterish boosterism brilliant place careful extravagant hopeful hopefully hopefulness sick it's an ill wind (that blows no one any superior) idiom la-la land above-optimistic about-optimistically pin your hopes on a little something/another person idiom pious pipe desire make sure you God idiom positively wing See additional trust bet outcomes »
The cash that her father still left her is currently being held/stored in trust (= currently being controlled) for her until she's thirty.
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