date:Sep 18, 2013
Tax Court declared the Walton move legitimate and forced the IRS to rewrite federal regulations to allow it.
The Walton GRAT, as its now known, has become a common estate-planning technique for people with large amounts of liquid assets, such as CEOs of publicly traded companies. The current low interest rates make it all the more likely that a GRAT bet will be a win rather than a tie. Users of GRATs, according to SEC filings, include the Coors brewing family and billionaire Nike Inc. founder