In a GRAT, what does the grantor retain for a fixed term?

In a GRAT, what does the grantor retain for a fixed term?

• A. A fixed annuity payment is promised to the grantor for a term.
• B. The grantor transfers ownership of all assets to the beneficiaries immediately.
• C. The right to revoke the GRAT.
• D. The grantor retains a fixed annuity payment for a term.

Answer: (D)