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American Institute of CPAs - Personal Financial Planning (PFP)

Nov 27, 2020

Guest: Robert Keebler, CPA/PFS

If you have clients who want to lock in the current estate tax exemption but are concerned about parting with assets, the new grantor retained interest partnership (GRIP) may be the answer. In this episode of the PFP Section podcast, Bob Keebler interviews GRIP experts Mary O’Reilly and Stephen Breitstone. They respond to the following questions:

  • What is a GRIP and how does it work?
  • In which circumstances does this technique make sense?
  • What features would you include in the partnership agreement?
  • Is there a risk of clawback?
  • What is the downside to implementing this strategy?

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This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice.  Also, by the CPA/PFS Credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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