Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
grantor trust | Yes | No | No | No |
Clifford trust | Yes | No | No | No |
grantor trust (noun) | Clifford trust (noun) |
---|---|
a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more | a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more |