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Getting Rid of Abusive Trust Schemes Legislation by Sen. Wyden Analyzed

Bailey Malota

WASHINGTON, April 26 -- The Getting Rid of Abusive Trust Schemes Act, originally introduced by Sen. Ron Wyden, D-OR, on April 14, 2026, has been analyzed by the Congressional Research Service. The legislation aims to amend existing Internal Revenue Code provisions governing grantor trusts, targeting abuses in their structure and operation.

The bill introduces strict requirements for Grantor Retained Annuity Trusts (GRATs) to ensure that individuals cannot exploit tax advantages by m . . .

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