grantor retained unitrust

Definition of "grantor retained unitrust"
  1. A type of irrevocable trust where the creator of the trust keeps the right to receive a yearly percentage of the unchanging net market value of the trust's assets for a set term, following which the assets of the trust are transferred to the named beneficiary
How to use "grantor retained unitrust" in a sentence
  1. The establishment of a grantor retained unitrust can provide income for the trust creator while benefiting a beneficiary in the future.
  2. A grantor retained unitrust allows the grantor to retain a percentage of the trust's net market value for a specific duration.
  3. Upon termination of a grantor retained unitrust, the remaining assets are transferred to the designated beneficiary.

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