Generation-Skipping Trusts

Generation-skipping trusts can be useful for grandparents to provide their descendants with financial aid while avoiding substantial estate tax for themselves and their heirs. While you can gift assets to your children and they, in turn, can pass along what remains of your original gift, it may be taxed each time it is transferred. Creating an irrevocable trust, special needs trust or family trust avoids "pass through" transfer taxes. The financial and tax issues involved in generation-skipping trusts can be complicated. We have the experienced estate planning attorneys to aid our clients and their family structure a generation-skipping trust customized for the family's unique needs.

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