[Verse 1] When the wealthy want their fortunes to survive They craft these trusts to keep their wealth alive ILIT shields insurance from the taxman's reach Premium payments funded, death benefits breach No estate inclusion when the owner's gone Three-year lookback if you transferred wrong [Chorus] ILIT, GRAT, IDGT, QPRT Shield your wealth with strategy Charitable trusts and family pools Master these estate planning tools Sunset coming twenty-six Better learn these tax law tricks [Verse 2] GRAT pays annuities back to grantor's hand Zeroed-out means gift tax wasn't planned If assets grow beyond the hurdle rate Remainder passes free from heavy freight Rolling GRATs extend the planning game Serial trusts that bear the family name [Chorus] ILIT, GRAT, IDGT, QPRT Shield your wealth with strategy Charitable trusts and family pools Master these estate planning tools Sunset coming twenty-six Better learn these tax law tricks [Verse 3] IDGT sounds broken but it works just fine Grantor pays the taxes, assets shine Defective for income, perfect for estate Sales to trusts at discount valuation rate QPRT holds your mansion for a term of years Retained residence while gift tax disappears [Bridge] Family partnerships discount the price Marketability lacks, control's not nice CLT pays charity, remainder stays CRT flips the script in different ways SLATs give spouses access to the fund Before exemptions get completely undone [Outro] Twenty twenty-six the sunset falls Exemptions shrink, the future calls Plan today while limits stay high Tomorrow's rules will make you cry
← 3 Generation-Skipping Transfer Tax (GSTT) | 1 Constitutional Limitations on State Taxation →