The Quorum Private Wealth guide to trusts
Trusts (or trust funds) are one of those financial planning terms that starts to feel diluted over time. People have a general sense of what trusts are, but many would be hard pressed to define the specifics. Given how important trusts can be to a strong financial, estate, and tax plan, we want to spend […]
How GRATs work
Grantor retained annuity trusts (GRATs) are a type of irrevocable trust designed to pass assets to beneficiaries in a tax-optimized way. These trusts pay an income (or annuity) to the grantor or trustor—the person who set up the trust—for a specified duration, usually a few years. After that period, the assets in the trust pass […]
What is a GRAT?
Acronyms can make different financial products sound intimidating. Quorum’s Mike Barry explains what a Grantor Retained Annuity Trust is, how it works, and why you might want to establish one. Registered Representatives of Sanctuary Securities Inc. and Investment Advisor Representatives of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services […]
