Franklin Ohio Fideicomiso de anualidad retenida por el otorgante - Grantor Retained Annuity Trust

• Category: Fideicomisos - Misc.
• State: Multi-State
• County: Franklin
• Control #: US-13197BG
• Format: Word

Description

This form is used for a grantor retained annuity trust. Franklin Ohio Granter Retained Annuity Trust (FRAT) is a legal and financial tool used for estate planning and wealth transfer purposes. It is a type of irrevocable trust where the granter transfers assets into the trust and retains the right to receive annual annuity payments for a predetermined period or their lifetime. The FRAT offers several benefits, primarily aimed at reducing estate taxes, preserving wealth, and transferring assets to beneficiaries. By placing assets into the trust, the granter effectively removes them from their estate, reducing the overall taxable value. Additionally, the granter retains the right to receive annuity payments, ensuring a consistent stream of income during the predetermined period. There are different types of Franklin Ohio Granter Retained Annuity Trusts available, including: 1. Granter Retained Annuity Trust (GREAT): This is the most common type of FRAT, where the granter receives annuity payments for a specified duration, typically two to ten years. At the end of the term, the remaining assets pass to the named beneficiaries. 2. Granter Retained Unit rust (GUT): Similar to a GREAT, a GUT provides annuity payments to the granter but calculated based on a fixed percentage of the trust assets' value, which is re-evaluated annually. The granter establishes the percentage at the trust's creation. 3. Granter Retained Income Trust (GRIT): In this type of FRAT, instead of receiving annuity payments, the granter retains the right to receive income generated by the trust assets while they are alive. Once the granter passes away, the assets pass to the beneficiaries. 4. Granter Retained Contingent Income Trust (GRIT): GRIT is a variation of a GRIT, where the granter retains the income right only if certain contingencies occur. These contingencies could be certain events, such as the granter reaching a predetermined age or the occurrence of specific circumstances. Franklin Ohio Granter Retained Annuity Trusts provide flexibility and control for granters to manage their assets while reducing estate taxes and passing wealth to beneficiaries. However, it's essential to consult with an experienced estate planning attorney or financial advisor to determine which type of FRAT best suits individual circumstances and goals.

Franklin Ohio Granter Retained Annuity Trust (FRAT) is a legal and financial tool used for estate planning and wealth transfer purposes. It is a type of irrevocable trust where the granter transfers assets into the trust and retains the right to receive annual annuity payments for a predetermined period or their lifetime. The FRAT offers several benefits, primarily aimed at reducing estate taxes, preserving wealth, and transferring assets to beneficiaries. By placing assets into the trust, the granter effectively removes them from their estate, reducing the overall taxable value. Additionally, the granter retains the right to receive annuity payments, ensuring a consistent stream of income during the predetermined period. There are different types of Franklin Ohio Granter Retained Annuity Trusts available, including: 1. Granter Retained Annuity Trust (GREAT): This is the most common type of FRAT, where the granter receives annuity payments for a specified duration, typically two to ten years. At the end of the term, the remaining assets pass to the named beneficiaries. 2. Granter Retained Unit rust (GUT): Similar to a GREAT, a GUT provides annuity payments to the granter but calculated based on a fixed percentage of the trust assets' value, which is re-evaluated annually. The granter establishes the percentage at the trust's creation. 3. Granter Retained Income Trust (GRIT): In this type of FRAT, instead of receiving annuity payments, the granter retains the right to receive income generated by the trust assets while they are alive. Once the granter passes away, the assets pass to the beneficiaries. 4. Granter Retained Contingent Income Trust (GRIT): GRIT is a variation of a GRIT, where the granter retains the income right only if certain contingencies occur. These contingencies could be certain events, such as the granter reaching a predetermined age or the occurrence of specific circumstances. Franklin Ohio Granter Retained Annuity Trusts provide flexibility and control for granters to manage their assets while reducing estate taxes and passing wealth to beneficiaries. However, it's essential to consult with an experienced estate planning attorney or financial advisor to determine which type of FRAT best suits individual circumstances and goals.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.