Estate planning with S corporations after 1997 using GRITS, GRATS and GRUTS. (Grantor Retained Income Trusts; Grantor Retained Annuity Trusts; Grantor ... article from: The National Public Accountant

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From the supplier: Grantor Retained Income Trusts, Grantor Retained Annuity Trusts and Grantor Retained Unitrusts are effective tools in estate planning for shareholders of S Corporations (S Corp). These tools can substantially decrease the amount of gifts subject to gift tax. However, the benefits from these may be affected with the discount rate used, S Corp's expected return and the relationship between the grantor and grantee. Various classes of trusts are eligible to be S Corp shareholders including Electing Small Business Trusts, Grantor Trusts and Voting Trusts.

Citation Details
Title: Estate planning with S corporations after 1997 using GRITS, GRATS and GRUTS. (Grantor Retained Income Trusts; Grantor Retained Annuity Trusts; Grantor Retained Unitrusts)
Author: Rolf Auster
Publication:The National Public Accountant (Magazine/Journal)
Date: January 1, 1998
Publisher: National Society of Public Accountants
Volume: v43 Issue: n1 Page: p30(4)

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