grantor trust (Meaning)
grantor trust (n)
a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
Synonyms & Antonyms of grantor trust
No Synonyms and anytonyms found
grantor trust Sentence Examples
- The grantor trust established by Mr. Jones provided for the distribution of income to his children during their lifetimes.
- The grantor trust ensured that Mrs. Smith's assets would be distributed according to her specific wishes.
- The grantor trust was created to avoid potential estate taxes upon the grantor's death.
- The terms of the grantor trust stipulated that the trustees had sole discretion over the investment and distribution of funds.
- The grantor trust was dissolved after the last beneficiary passed away.
- The attorney advised the grantor to carefully consider the tax implications of creating a grantor trust.
- The grantor trust was deemed irrevocable, meaning that the grantor could not unilaterally alter or revoke it.
- The grantor trust was structured to provide financial security for the grantor's disabled spouse.
- The grantor trust was designed to reduce the grantor's exposure to creditors.
- The grantor trust was established as a long-term financial planning strategy for the grantor's family.
FAQs About the word grantor trust
a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
No synonyms found.
No antonyms found.
The grantor trust established by Mr. Jones provided for the distribution of income to his children during their lifetimes.
The grantor trust ensured that Mrs. Smith's assets would be distributed according to her specific wishes.
The grantor trust was created to avoid potential estate taxes upon the grantor's death.
The terms of the grantor trust stipulated that the trustees had sole discretion over the investment and distribution of funds.
