Grantor-retained Interest Trust

Grantor-retained Interest Trust

Grantor-retained Interest Trust means:
a trust in which the grantor retains an income interest in property while giving away the principal interest. The donor receives a current income tax deduction that is equal to the present value of the interest in an asset given to a charity (using 10% present worth annuity tables).

See also other Tax Terms and Definitions in U.S.A.

residence grantor-retained interest trust.

See the entries Income Tax and State Income Tax in the American Encyclopedia of Law.


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