The History of Terrorism
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Annuity Payments
Children
1995-1997 Then Fred and Mary Trump gave their children roughly two-thirds of the assets in their GRATs. The children bought the remaining third by making annuity payments to their parents over the next two years.
1997 Indeed, every $10 million reduction in the valuation of Fred Trump's empire would save the Trumps either $10 million in annuity payments or $5.5 million in gift taxes.
It also determined the amount of annuity payments their children owed for the rest.