Jun 8, 2026 · 26 min · 10 segments
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John, there's a new bill that is aimed at cracking down on abusive tax schemes and structures.
a lot of these proposals that come out, but we thought this one was important enough that we should cover it.
Well, and one of the things is anytime you get legislation like this, a lot of times you end up also getting a lot of misunderstandings.
And so that's, you know, this one, though, is kind of interesting just because it does two things.
But it also gives you a window into the kind of things that one side of the government really doesn't like.
So specifically, you're talking about the Getting Rid of Abusive Trust Schemes Act, aka the GRATS Act, which I will note is basically they took an acronym and then worked it backwards.
Because the GRAT, G-R-A-T, is generally referring to the Grantor Retained Annuity Trust.
John, there's a new bill that is aimed at cracking down on abusive tax schemes and structures.
a lot of these proposals that come out, but we thought this one was important enough that we should cover it.
Well, and one of the things is anytime you get legislation like this, a lot of times you end up also getting a lot of misunderstandings.
And so that's, you know, this one, though, is kind of interesting just because it does two things.
But it also gives you a window into the kind of things that one side of the government really doesn't like.
So specifically, you're talking about the Getting Rid of Abusive Trust Schemes Act, aka the GRATS Act, which I will note is basically they took an acronym and then worked it backwards.
Because the GRAT, G-R-A-T, is generally referring to the Grantor Retained Annuity Trust.
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