Alex What happens if you Grit a road and someone slips?
The way I’ve been told it, and fortunately Ive not been in a position to have to test it, is that if you grit a road or pathway and someone slips you can be found at fault for not maintaining a suitable pathway etc. However, if you dont grit and someone slips then this would be treated as ‘an act of God’.
Can a gritting company incur a potential liability?
Posted By mlongfellow I have been informed that gritting a property in snow and ice can create a potential liability on the person who does the gritting, but cannot believe this is true.
What happens if someone takes you to court for gritting?
If you grit or not and someone takes you to court due to an injury – how would you explain that the injury was forseeable, but you decided not to do anything about it, or could you explain you mitigated the forseeable injury and did everything reasonably practicable to prevent it – which argument would hold up do you think.
Can a person be sued for gritting a property?
I have been informed that gritting a property in snow and ice can create a potential liability on the person who does the gritting, but cannot believe this is true.
Who is the grantor of a grit Trust?
A GRIT is an irrevocable trust established in a written trust agreement whereby the creator of the trust (the “Grantor”) transfers assets to the GRIT while retaining the right to receive all of the net income from the trust assets for a fixed term of years (the “initial term”).
What does grit stand for in estate planning?
The Grantor Retained Income Trust (“GRIT”) is an estate planning tool that has been around for many years.
The way I’ve been told it, and fortunately Ive not been in a position to have to test it, is that if you grit a road or pathway and someone slips you can be found at fault for not maintaining a suitable pathway etc. However, if you dont grit and someone slips then this would be treated as ‘an act of God’.
What are the limitations on the use of grits?
The RRA ’90 limitations on the use of GRITs generally provide that any retained interest in a trust must actually be paid out to the grantor. This has led to the creation of the Grantor Retained Annuity Trust (GRAT) and the Grantor Retained Unitrust (GRUT).