Generation-skipping Trust -
Leaves money to beneficiary two or more generations removed from the grantor. Preserves the $2,000,000 generation-skipping tax exemption and avoids tax on bequests exceeding that amount.
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The content in this glossary is general in nature and is intended for informational purposes only.
It is not intended to provide specific advice or recommendations for any individual or organization,
because the facts and circumstances surrounding each situation differ. Please consult your attorney,
tax advisor or other professional advisor for advice on your particular situation.
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