The document outlines a financial strategy involving the creation of a Grantor Retained Annuity Trust (GRAT) and an art partnership (BFAP) to manage and distribute assets from the Black 2006 Family Trust. The strategy involves creating a new family trust (2012 Trust) and a GRAT, which will be funded with the Income Right from the 2006 Trust. The document details the mechanics of the GRAT and the formation of the art partnership, including contributions from Narrows Holdings LLC and the 2006 Trust. It discusses the pros and cons of the strategy, including tax implications and potential risks.
documents/EFTA01075845.pdf
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