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Grantor retained annuity trust (GRAT): Permits the grantor To place specific assets into A short lived trust account and freeze its price, getting rid of more appreciation in the estate and giving it to heirs with small estate or present tax legal responsibility.
Revocable or Irrevocable A revocable trust is usually adjusted or terminated by the trustor in the course of that man or woman's lifetime. An irrevocable trust, given that the identify implies, can't be improved as soon as It can be proven.
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