an irrevocable trust in which the grantor retains annuity payments for a specified term

an irrevocable trust in which the grantor retains the right to receive an annuity for a fixed term, at which time the remaining trust assets pass to the remaindermen, or to trust for their benefit, without any further gift tax implications

an irrevocable trust to which you transfer assets for a specified term

an irrevocable trust which is established by a

an irrevocable trust you set up for a specific number of years

Grantor Retained Annuity Trust. Grantor places an income producing asset into an irrevocable trust, but retains the right to a fixed annuity return for an income until the trust terminates in a fixed number of years. At the end of the term of years, the property passes to the remainder beneficiaries, in most cases the children. The present value of the amount passing to remainder persons is taxable for gift tax purposes, but this tax is a small fraction of the value they will eventually receive.