Cartoon Guy Holding Stack Of Books

Ready, Willing, and Able

ABC Blocks

An arrangement under which a parent transfers assets to a trust for children or grandchildren and in return gets regular lifetime payments (an annuity). under certain circumstances, the trust assets won’t be subject to estate tax when the parent dies.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.