Grantor-retained Income Trust

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A form of Grantor-Retained Trust, the Grantor-Retained Income Trust (commonly referred to as GRIT) is set up when a donor makes a donation to a trust.  During the fixed period of time, the donor will receive income payments. At the end of the time the remaining value of the trust will be passed to the beneficiary.  

A GRIT is an irrevocable trust.