Grantor Retained Trust


Definition of "Grantor retained trust"

Sandra Lockhart & <br>Lisa Hernandez
  Opes Real Estate Group

Trust under which grantor retains income from the assets that have been transferred to the trust. This trust permits the avoidance of probate, protects the assets from creditors, and leads to the savings of substantial taxes.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Block Limits

Total amount of insurance that an insurer will write on any specific city block. Such a limit will r ...

Fine Arts And Antiques Insurance

Coverage for paintings, pictures, etchings, tapestries, art glass windows, antique furniture, coin c ...

Affidavit

Written statement or declaration, made under oath before a licensed individual, such as a notary pub ...

Contract Specifications

Details of a contract of sale including a financial statement, legal description, type of deed, plac ...

Flexible Payment Mortgage

Loan that allows the borrower to pay only the interest for the first few years of the loan. ...

Accountants Professional Liability Insurance

Insurance for accountants covering liability lawsuits arising from their professional activities. Fo ...

Related Real Estate FAQ

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Should you Buy a Home with Cash? What is Hazard Insurance? How to become a real estate agent What do Real Estate Attorneys do? 6 Reasons you are not selling properties

FAQ

What is a principal? What is commission? What is a mortgagee? What is earnest money? What is an assumable mortgage?