This memorandum discusses the mechanics of making annuity payments from four grantor retained annuity trusts (GRATs) created by Leon D. Black in June 2007, and the associated gift tax reporting obligations. It details the annuity payment schedule, the valuation of the GRATs, and the gift tax values. The memo also advises on gift tax reporting obligations and the election out of automatic GST exemption allocation.
documents/EFTA01127672.pdf
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