| BUSINESSWEEK ONLINE : MARCH 1, 1999 ISSUE | ||||||||
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| PERSONAL BUSINESS
The GRAT Difference 15-YEAR GRAT OUTRIGHT GIFT
OR INHERITANCE
ASSETS $1,000,000 $1,000,000
ESTATE 31,000** 550,000
OR GIFT TAX*
HEIRS' SHARE 1,000,000 450,000
*Assuming a top federal estate tax bracket of 55%
**Tax on the grantor retained annuity trust (GRAT) assets paid upfront by the
grantor
DATA: ARTHUR ANDERSEN
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