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A comment on Patagonia founder gives away the company. Parent comment

Re:Patagonia founder gives away the company by missedthecue on Thursday September 15, 2022 @11:16AM (#32853310)
If you put assets in a GRAT you can't borrow money against it
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Re:Patagonia founder gives away the company by sokoloff on Thursday September 15, 2022 @11:45AM (#32853799)
This is correct; GP mis-typed the income angle. Instead of taking loans as typed, the grantor retains the right to receive an annuity stream over the trust's term.
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Re:Patagonia founder gives away the company by kasey_junk on Thursday September 15, 2022 @03:11PM (#32857074)
Right. What I meant is you can get the loans against the balance before putting it into the trust and after the trust itself provides the income.
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