Reference
Wealth Transfer & Estate Visualization glossary
Terms used in Wealth Transfer & Estate Visualization and its documentation.
Applies to Wealth Transfer & Estate Visualization as it works today. Moraph updates the platform continuously, and this page is reviewed when it changes.
Terms used in Wealth Transfer & Estate Visualization and its documentation.
| Term | Meaning |
|---|---|
| GRAT | Grantor retained annuity trust: the grantor receives annuity payments for a term and the remainder passes to beneficiaries. |
| Rolling GRAT series | A sequence of short GRATs where each annuity payment funds a new GRAT. |
| CLAT | Charitable lead annuity trust: a charity receives annuity payments for a term and the remainder passes to non-charitable beneficiaries. |
| Section 7520 rate | The interest rate published monthly by the IRS for valuing annuities, remainders and similar interests. |
| Dispositive terms | The provisions of a will or trust that say who receives assets and when. |
| Flow at death | The view showing where each asset goes on the death of a family member, following the recorded dispositive terms. |
| Crummey notice | A notice to a trust beneficiary of a temporary right to withdraw a gift made to the trust. |
| Firm defaults | The assumptions your tax analysts set for use when a planner does not enter their own. |
| Illustration | A client-facing presentation of one or more scenarios, released only after compliance approval. |
| Sensitivity analysis | Running a scenario across ranges of growth and interest rate assumptions to show the spread of outcomes. |
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