Under a GRAT,an Owner Can Put Property into an Irrevocable

question 107

True/False

Under a GRAT,an owner can put property into an irrevocable trust for a maximum of 5 years.

---

Definitions:

Assets

Anything owned that has exchange value; all the entries on a balance sheet that show the property or resources of a person or business; the money and items of value in a business.

Gross Collection Ratio Formula

A financial metric used in healthcare to measure the percentage of total charges collected out of the total charges billed to patients and insurance companies.

Total Charges

The complete amount of money required or demanded for a service or goods, often including all additional fees and taxes.

Operating Information

The information that is needed on a day-to-day basis in order for a company to conduct business.