“The Grantor directs the Trustee to set aside and divide the Grantor's Residuary Trust Fund into per stirpital shares for the Grantor's descendants who survive the Grantor, each such share so ...
There are different types of irrevocable trusts, including: Grantor-Retained Annuity Trust (GRAT) which allows the grantor, or person who sets up the trust, to receive an annuity, or regular fixed ...
At the time of the trust’s creation, everyone lived in the Bronx. The trust was initially created as a “grantor” trust, meaning that Gloria was personally responsible for paying the tax gene ...