True GRIT: An Excellent Tool for Art, Farmland, and Other Unique Physical Assets
What should I do for property such as artwork that does not generate an income?
A grantor retained income trust, or GRIT, is a planning technique that has been often overlooked but is an excellent tool for owners of artwork, farmland, and special situations where they want to keep the income or use the property while gifting the remainder tax-free.
See Matthew’s advice in Financial Advisor Magazine about using this financial planning tool for unique assets. Read the full article here: