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grantor trust

n.
1.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

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    Idiom of the Day

    come out in the wash
    to work out all right, to turn out well in the end, to become understood eventually
    Everything came out in the wash as the students discussed their problems.



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    General Robert E. Lee was not a slaveholder and never believed in slavery. He never believed in secession from the United States and strongly condemned it. He decided to lead the armies of the South because he wanted nothing to happen to his beloved Virginia.      .. More >>
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