If you own a business that you wish to pass on to your heirs, a Grantor Retained Annuity Trust (GRAT) can offer tax savings and other advantages.A GRAT is a popular method of transferring property tax -efficiently, such as stock in a closely held business, to a trust in exchange for an annual payment (or annuity) for a term of years.GRATs allow a business owner to maintain control of the business, while passing along appreciation to the beneficiaries in the form of closely held stock.
Your business requires unique estate planning considerations. As a real estate developer, you may be in a favorable income tax position.Strategies that reduce death-related taxes and estate administration costs are important to explore.Planning for the ultimate continuation or sale of your business is equally important.As a real estate developer, you may be in a favorable income tax position because of the nature of your business and the assets you employ in that business.
Control, protection, and privacy are key benefits of a Delaware Trust.
The state of Delaware has long been one of the most favorable places to establish a business.
Delaware is also an excellent place to create a personal trust for estate planning or asset protection purposes.
A Delaware trust offers many of the advantages of other trust-friendly states, along with unique elements that make it a preeminent jurisdiction.