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Related to grantor trust: Simple trust
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|Noun||1.||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|
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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