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Grantor Retained Trusts in Green Bay, WI

At Czachor, Polack + Borchardt, L.L.P., we understand that securing your family’s financial future is essential. Our law firm, deeply rooted in the Green Bay, WI, Shawano, and Oconto communities, provides comprehensive estate planning services, including specialized grantor retained trusts. With personal attention and proven results, we’ll guide you through creating a trust that meets your unique needs.

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What is a Grantor Retained Trust?

Grantor retained trusts (GRTs) are short-term, irrevocable, and low-tax legal solutions that allow grantors to provide income to beneficiaries. A GRT’s lifespan usually lasts between two or three years. By placing assets strategically in a trust while maintaining income for a set time, you can reduce potential gift taxes. When the trust matures, assets can pass to beneficiaries with minimal tax implications, making them a wise choice to secure your family’s future.

The Different Types of GRTs

There are three unique types of GRTs, all of which function differently. The types include:

  • Grantor-Retained Annuity Trusts (GRATs): Fixed annuity payments return to the grantor, with the remainder going to beneficiaries largely tax-free.
  • Grantor-Retained Unitrusts (GRUTs): The grantor receives a percentage of the trust’s assets annually, allowing for potential growth in payouts.
  • Grantor-Retained Income Trusts (GRITs): This trust type enables grantors to retain the income generated by the trust assets for a predetermined term.

How Can a GRT Help My Family?

If you want to ensure a terrific financial standing for your family or beneficiaries, a GRT may be right for you. Its advantages include:

  • Tax Efficiency: Utilizing trusts like GRATs can substantially minimize taxes on gifts, offering a strategic method for asset transfer.
  • Wealth Transfer: Facilitates a smooth transition of wealth to your heirs, ensuring your legacy.
  • Asset Control: You maintain influence over the trust’s terms, providing you peace of mind and control over how your assets are managed and distributed.

Meet With a GRT Attorney Today

Whether you are an individual planning your estate or a family business owner looking to secure your legacy, Czachor, Polack + Borchardt, L.L.P. is here to help. With our local presence in Green Bay and surrounding areas, detailed knowledge, and experience in estate planning, we can aid you in establishing a successful grantor retained trust tailored to your objectives. We’ll help you take the first step towards a secured and planned financial future for you and your heirs.

Personal Attention + Proven Results