Grantor-retained trust

{
  "id": "MLC-T-LAW-002352",
  "term": "Grantor-retained trust",
  "field": "Law",
  "definition": "A type of irrevocable trust where the grantor transfers assets into the trust but retains an income interest or an annuity interest for a specified term. The primary purpose is to remove assets from the grantor's taxable estate while allowing the grantor to benefit from the assets for a period. These trusts include grantor-retained annuity trusts and grantor-retained unitrusts.",
  "url": "https://mlchart.com/terminology/law/grantor-retained-trust/"
}