Private annuity trust
id:
private-annuity-trust-275-6317450
title:
Private annuity trust
text:
Prior to 2006, a private annuity trust (PAT) was an arrangement to enable the value of highly appreciated assets, such as real estate, collectables or an investment portfolio, to be realized without directly selling them and incurring substantial taxes from their sale. A PAT was used to defer United States federal capital gains tax on the sale of an asset, to provide a stream of income, and in effect to remove the asset from the owner's estate, thus reducing or eliminating estate taxes. With the
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Private_annuity_trust
date created:
date modified:
2022-01-21T01:18:13Z
main entity:
{"identifier":"Q7246180","url":"https://www.wikidata.org/entity/Q7246180"}
image:
fields total:
13
integrity:
13