Dear Garden State Trust: What is a GRAT? Is this something I should be considering? —Curious About Trusts Dear Curious: GRAT stands for Grantor Retained Annuity Trust. This is a temporary trust that may be used to transfer large sums free of federal gift or estate tax. The Grantor establishes the trust for a specific…
Month: October 2021
Social Security Basics
Social Security may be about to experience one of its largest increases for cost of living since the 1980s, due to the recent increases in inflation. Some estimates show an increase as high as 6%, and the actual numbers will be released later in October. Although Social Security is for all workers, it is complicated.…