Generation Skipping Trust

Generation Skipping Trust

A Generation-Skipping Tax Trust (GSTT) is used to protect assets inherited from you from future estate taxes at your beneficiary’s death, and at the death of future beneficiaries.

The assets are held in trust for the beneficiary you named in your trust. When the beneficiary dies, the assets will not be included in that person’s estate for purposes of computing estate taxes. In addition, the assets can continue to be held in trust for the next generation.

While the effect of having a GSTT is great, it can be made more powerful as part of a Heritage Trust.

READ MORE>>>

This website is intended to provide legal information only; legal information is not legal advice and you should consult with qualified legal counsel prior to implementing any estate planning. The transmission or receipt of information to or from this Website is not intended to create, and does not create or constitute, an attorney-client relationship. No portion of this site may be reproduced or used in any manner other than for the private information of the site reader without the express written consent of Tisser & Standing LLP. The testimonials throughout this site were provided by actual clients. To maintain their privacy their names may have been abbreviated. Please note that testimonials do not warrant, guarantee or predict your particular results.