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What is the Generation-Skipping Tax?
If you re a part of a family trust, the generation-skipping tax may be a financial option to consider.
Author:
May 30, 2021 8:00 AM EDT
If you re a part of a family trust, the generation-skipping tax may be a financial option to consider.
Estate taxes can take a big bite out of your family s wealth. In the past, one strategy to reduce estate taxes was to skip a generation of heirs to avoid the double estate tax liability that would have occurred if there were two transfers (one from parent to child and another from child to grandchild).