SOGRAT

SOGRAT

SOGRAT® is registered trademark of the Wealth Transfer Group [ [http://tess2.uspto.gov/bin/showfield?f=doc&state=gcuspg.2.1 SOGRAT trademark registration at the USPTO] ] . It is an acronym for Stock Option Grantor Retained Annuity Trust. It is a potentially tax efficient method for passing volatile assets onto heirs.

Patents

The Wealth Transfer Group owns a patent covering different methods for managing SOGRATs. The patent is US patent|6567790, entitled "Establishing and managing grantor retained annuity trusts funded by nonqualified stock options". This patent has been described as a tax patent due to the fact that the claimed method for managing the SOGRAT seeks to minimize gift tax under current US Tax law.

In 2006, the Wealth Transfer Group sued John W. Rowe for infringement of their patent. [ [http://www.bakosenterprises.com/IP/B-10152006/IPB-10152006.html Nowotarski, Mark, "Tax Strategies?", Insurance IP Bulletin, October 15, 2006] ] This case has been settled for undisclosed terms. [ [http://online.wsj.com/article/SB117383751682136325.html Herman, Tom, "Patents on Tax-Related Ideas Stir Worry", "Wall Street Journal", March 14, 2007] ]

This case is often cited both by those that favor tax patents [ [http://waysandmeans.house.gov/hearings.asp?formmode=view&id=5105 Gruner, Richard, "Testimony Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means" July 13, 2006] ] and well as those that seek to have them banned [ [http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2007/Tax/Tax_Strategy_Patents.jsp "Tax-Strategy Patents and the Tax Gap", The Tax Advisor, AICPA, May 2007] ] .

ee also

*Grantor Retained Annuity Trust

References


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