Taxes on these are paid by the grantor, not the receiver, & there's a $12,000 per year exclusion
Tools - University of Wyoming [PAR] representative is not a Wyoming resident there must be an ... identified, all debts 
and death taxes are paid, fees ..... no trust could exist if even one of these 
elements ...... is received in return for a transfer of property, the ..... use their 
annual exclusion of $12,000 per year per ...... retained annuity trusts); and (5) 
GRUTs (grantor.