March 25, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
Grantor Retained Annuity Trusts (GRATs) are effective vehicles for parents and grandparents to transfer assets to a junior generation while still retaining income from the property for a period of time. If the grantor outlives the term of the trust, its assets pass to the junior generation without estate taxes. There are also substantial gift tax benefits to the donor if the trust is properly structured. GRATs are ideal where the family has an asset –a family business or real estate – that is appreciating, because the appreciation passes tax-free to the junior generation. Low interest rates also help lower any taxable amount to the grantor. GRATs are very effective and very complex, and their use also restricts the use of other “freeze” estate planning vehicles. This program will provide you with a practical guide to understanding, structuring and drafting GRATS for maximum client benefit.
Sarah M. Johnson, Venable, LLP, Washington, D.C.
Blanche Lark Christerson, Deutsche Bank Private Wealth Management, New York