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Hamilton Plans Newsletters

Summer 2013

Did you establish a GRAT in 2012?

Charitably minded individuals who ­established a grantor retained annuity trust “GRAT” in 2012, might consider an option similar to what Dick ’44 and Patsy Couper did some years ago. In conjunction with establishing a GRAT, they also established a charitable trust. The GRAT provided payments to them for a period of years with the remainder value delivered to heirs at significant gift and estate tax savings. The charitable trust provided an income tax charitable con­tribution deduction, grew tax-free and replaced the income stream from the GRAT. Ultimately, Hamilton will benefit from the remainder value of the charitable trust. This innovative planning was a win-win for the Coupers, their heirs and Hamilton.