While the GRAT is in effect,the grantor retains the voting power and receives the interest income from the property in the trust.At the end of the trust (not to exceed 10 years),the property passes to the beneficiaries (heirs).

Question

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This is an accurate description of how a Grantor Retained Annuity Trust (GRAT) works. The grantor retains the right to vote and receives income during the trust term, and then the property passes to the beneficiaries at the end of the term. This term cannot exceed 10 years.

While the GRAT Is in Effect,the Grantor Retains the Voting