Word: grat
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Dates: during 2000-2009
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...This lets you fund an annuity that will pay you at a market rate, but with any excess returns remaining in the trust and passing to heirs outside your estate. A typical example would be someone planning to sell a family business within five years. You set up a GRAT with low-priced pre-sale stock. The GRAT pays you back the equivalent of about 8% a year, based on current rates. But actual returns are likely to be far higher when the company is sold. The excess returns stay out of your estate...
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