Passing Assets to Grandchildren Through a Generation-Skipping Trust

Passing Assets to Grandchildren Through a Generation-Skipping Trust Passing assets to your grandchildren can be a great way to ensure their future is provided for, and a generation-skipping trust can help you accomplish this goal while reducing estate taxes and…

What is a generation-skipping trust?

April 28, 2022
Bill O’Leary, Esq.
Estate Planning, Generation Skipping, Grandchildren Planning

What is a generation-skipping trust? A generation-skipping trust helps you transfer money and assets to someone who is at least 37.5 years younger than you, while minimizing estate taxes A generation-skipping trust is used to transfer money or other assets…

How Does an Intentionally Defective Grantor Trust Work?

This type of trust can be established to benefit your spouse, children, grandchildren and other descendants. However, it may be more appropriate in some situations than others. Getting to know the details of what an IDGT is and how it works can help you decide if it makes sense for you.