Reconsider the GRIT

The enactment of Internal Revenue Code Section 27021 in 1990 sounded a virtual death knell for the grantor retained income trust (GRIT). The GRIT fell into disuse, so much so that it is often overlooked even in the few circumstances that its use is still tolerated by the IRC. It's time to revisit the GRIT particularly because, by applying a little imagination, advisors can use it to the significant