Grantor-retained Unitrust
About Grantor-retained Unitrust:
Grantor-retained Unitrust (GRUT) is a trust in which the grantor retains a qualified unitrust interest. A GRUT pays the income beneficiary a fixed percentage that is not less than 5% of the net fair market value of its assets (as valued annually).
See also other Tax Terms and Definitions in U.S.A.
charitable remainder unitrust.
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