Article on GRATs and State Death Taxes

Robert L. Moshman (Attorney, New York and New Jersey) recently published his article entitled, Can GRATs Defeat State Death Taxes, The Estate Analyst (Oct. 2013). The introduction from his article is provided below:

The Treasury’s latest proposal to impose limits on GRATs hasironically resulted in a round of articles suggesting a “last call” forGRATs. Are we really about to say good-bye to the GRAT? Although the impending demise of the GRAT maybe greatly exaggerated, it will be hard for large estates to pass up the versatilegame-changing techniques if they are truly about to be terminated.

On the other hand, most estates no longer face Federalestate tax and will benefit if the GRAT is simply repurposed to avoid state death taxes. Let usremember why we’ve been loving GRATs so long.