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While generally the transfer of possessions owned by somebody into an irrevocable trust for the benefit of someone else would be deemed a gift for federal present tax functions,with a GRAT given that in theory all of the properties transferred in might return to the Grantor/Trustmaker,the worth of the present to the recipients of the GRAT will be at or close to $0 Tierrasanta.
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In years past,household riches was generally passed down from one generation to the following without question And this time it’s not to determine who gets a piece of real estate or artwork,it’s who will raise your children steveblisslaw com you are the child of the person who has died.
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