How the Rich Use GRATs to Get Richer

If you’re Daddy Warbucks’s grandson and want to pass the wealth on to your heirs, the easy-to-forget gift tax can take an enormous bite out of your monetary and property gifts. That’s why many of the nation’s well-heeled take advantage of a potentially giant tax loophole known as a Grantor Retained Annuity Trust (GRAT). This […]