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grantor trust

   Also found in: Financial 0.12 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.grantor trust - a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
Clifford trust
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"


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? Mentioned in ? References in periodicals archive
 
This is referred to as a defective trust, and causes the trust to be treated as a grantor trust.
Twist to a QSST presents a trap by Schwartz, Sol / The Tax Adviser
This method of estate planning can even be coupled with the use of a Defective Grantor Trust or often referred to as an Intentionally Defective Grantor Trust (IDGT).
Family Limited Partnerships, an estate planning technique by Wieder, Marc / Real Estate Weekly
Therefore, a "proper" defective grantor trust eliminates this gift tax on those income tax payments because the grantor is obligated to pay that income tax (without the right to be reimbursed).
Defective grantor trusts: new IRS ruling enhances estate planning by Josephs, Stuart R. / California CPA
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