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A Grantor Retained Annuity Trust,or GRAT for brief,is an unique type of irrevocable trust that permits the trust maker/Grantor to gamble versus the odds and,if the trust maker/Grantor plays their cards right,then a considerable amount of wealth can be moved down to the next generation for essentially no estate or gift tax dollars steveblisslaw estate planning lawyer san diego A valid agreement by a partner represented by an attorney is among the only ways an elective share can be waived.
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