Company Y common stock owned by any trust created hereunder: all decisions regarding the sale or retention of such stock and all voting of such stock.

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With a GRAT, the owner of a company can transfer stock in the firm into a trust for the benefit of heirs and take back an annuity representing the current value of that stock plus a government-specified interest rate, currently 1%.

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Another alternative is to simply transfer discounted minority stakes in the company to a trust over time, but in order to keep that stock out of your estate the trust must be independent, which raises the question of control.

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You should call the fund company to find out what portion of the fund is in true preferred stock versus trust preferred.

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Because Cargill remains a privately held company, officials at the foundation and the trust could not at first liquidate the private Cargill stock.

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