Which of the following statements is an incorrect statement about an advantage o
ID: 2722840 • Letter: W
Question
Which of the following statements is an incorrect statement about an advantage of the use of the "qualifying-interests:" GRATs, GRUTs, PRTs, and QPRTs?
a. a GRAT or GRUT can be used to remove appreciation on the transferred property which accrues after the GRAT or the GRUT is created.
b. a GRAT gives the holder of the term interest the right to an irrevocable right to receive a fixed amount no less than annually.
c. this technique requires the use of a revocable trust.
d. all of the above statements are correct.
Explanation / Answer
Answer: d. all of the above statements are correct.