Grantor retained annuity trusts (GRATs) have long been a darling of estate planners. Properly designed, they can transfer future growth in value to family beneficiaries free of gift tax risk. Recently proposed...
In 1976, Congress enacted Section 6166 of the Internal Revenue Code so that, when a business owner died, his closely held business wouldn't have to be sold just to pay the federal estate taxes owed on his estate...
