Relationship Details
Connected Entities
Evidence
The diagram shows that at the end of the trust term, the remaining assets pass from the trust established by the Grantor to the Beneficiaries.
The diagram shows that at the end of the trust term, the remaining assets pass from the trust established by the Grantor to the Beneficiaries.
The diagram shows that at the end of the trust term, the remaining assets pass from the trust established by the Grantor to the Beneficiaries.
Source Documents (1)
HOUSE_OVERSIGHT_022354.jpg
This confidential J.P. Morgan document from the HOUSE_OVERSIGHT files explains the "Cascading GRAT" financial strategy. The strategy involves a grantor transferring assets into a series of Grantor Retained Annuity Trusts (GRATs), using annuity payments from older GRATs to fund new ones, with the goal of passing wealth to beneficiaries free of gift tax. The document notes a 2012 gift tax exemption of $5,120,000 and cites the 2000 Walton v. Commissioner case that allows for a "zeroed out" GRAT to eliminate gift tax liability.
Mutual Connections
Entities connected to both grantor and beneficiaries
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