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A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the Trustmaker/Grantor to gamble versus the odds and,if the Trustmaker/Grantor plays their cards right,then a considerable amount of wealth can be moved down to the next generation for essentially no estate or gift tax dollars Escondido Estate Planning law ( +1 (760) 884-4044 ).
A trust account may also be useful when a minor inherits property from a will or receives a life insurance payout.
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