Definition of "GRUT"
  1. Grantor retained unitrust: a type of trust established by an individual, in which they retain the income generated from the trust for a set period
How to use "GRUT" in a sentence
  1. The individual decided to set up a GRUT as part of their estate planning strategy.
  2. Under a GRUT, the grantor is entitled to receive a fixed percentage of the trust's annual value for a certain period.
  3. Once the term for the GRUT expires, the remaining trust assets are passed on to the designated beneficiaries.

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