Grantor retained annuity trusts are a popular estate planning tool whose future might be a little shaky. Therefore, before the terms of such trusts become less generous, advisors should seriously consider making use of them for clients who are ideal candidates.

GRATs are employed to move money to heirs without being hit by one of the federal taxes on the transfer of money from one generation to the next: the estate tax and the gift tax. These taxes are now at 40%.

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