TAX-DODGING 'SHELL GAME' 'And they are doing this in the open: their wealth managers are bragging about how their tax dodging tricks will be more effective in the current economy.'
s as"an efficient way to transfer wealth with little or no gift tax liability." The person setting up the GRAT — a grantor — can put some assets into the trust and receive an annuity payment every year, based on the value of the assets. Typically, JPMorgan writes, GRATs are structured so that the annuity payments"zero out" the value of the trust's assets, letting the grantor pass their wealth on tax-free.
Allowing wealthy people who set up trusts for heirs to pay gift taxes for those trusts without penalty — essentially increasing the size of the gift they're giving
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