I Want to Leave An Inheritance to My Child, But Not Their Spouse.

I Want to Leave An Inheritance to My Child, But Not Their Spouse. It’s natural for parents to want to protect their children, even their adult children. While many parents love their children’s spouses, when they are estate planning their…

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 the Generation-Skipping Transfer Tax Work in Estate Planning?

Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.