The November 2008 edition of our e-mail newsletter, Value Matters (TM), features an article by Megan M. Bartels, titled "Grantor Retained Annuity Trusts: A Perfect Storm"
The current economic crisis will almost certainly have vast and lasting effects on our country’s businesses and financial markets alike. Personal retirement and investment accounts have been battered. The world of gift and estate taxation is full of uncertainty due to the scheduled repeal of estate and generation-skipping taxes set for 2010, while the inauguration of a new president in January 2009 only adds to the ambiguity about changes in legislation going forward. Amid all the turmoil, or perhaps because of all the turmoil, we have encountered a “perfect storm” in which all the conditions are right for the success of a specific gift and estate tax planning tool, the grantor retained annuity trust (“GRAT”).
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