Navigating Generation-Skipping Transfers and Tax Strategies in U.S. Estate Planning
Understanding Generation-Skipping Transfer and Tax Implications in the U.S. What is Generation-Skipping Transfer? In estate planning, a generation-skipping transfer (GST) involves transferring assets directly to a beneficiary who is at least two generations younger than the donor, such as a grandchild. This bypasses the immediate next generation, often the donor’s children. In the United States, … Read more