Sentence examples for designed as a grantor from inspiring English sources

The trust would be designed as a "grantor trust".

The interchange is designed as a trumpet.

"It was designed as an ultraflat watch.

The applicable federal rate, used for a tax-planning vehicle known as a grantor retained annuity trust, will be 1.4 percent for October.

The wealthiest are looking to take advantage of a short-term trust that allows people to pass money to heirs tax-free — what's known as a grantor retained annuity trust — out of fear that the federal government could change the terms of these trusts.

For income tax purposes, the GRAT is structured as a "grantor trust".

Today, if you park assets in an offshore trust with any possible U.S. beneficiaries, the law automatically treats it as a "grantor" trust.

The technique, known as a grantor retained annuity trust, or GRAT, allows rich families to pass on wealth while dramatically cutting their estate and gift tax bills.

The trust gets the income tax deduction, but if it's set up as a grantor trust so named because the creator retains certain powers and the tax liability then the deduction will flow through to the donor.

What if you added to new trusts (or old trusts that you decant into new trusts) a provision that says if the assets of the trust will be included in your estate then effective one-day before your death the trust shall convert to non-grantor and all power holders holding powers that could taint or characterize the trust as a grantor trust agree that those powers or rights will be extinguished.

Just as with a Grantor Retained Annuity Trust, the value of the gift is calculated at the time the trust is created, not at the time it is terminated.