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What to Know About the New Bill Targeting GRATs and 'Abusive Trusts'
News March 21, 2024 at 10:23 AM
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What You Need To Know
- A new Senate bill introduced this week would modify key tax and estate planning rules dealing with grantor retained annuity trusts, or GRATs.
- GRATs are used in estate planning to minimize income, gift or estate tax liability on appreciated assets.
- The bill's sponsors say the ultra-wealthy abuse GRATs to avoid paying their fair share of taxes.
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