A Generation-Skipping or “GST” trust can be a good way to keep assets out of the taxable estate of a beneficiary and yet still allow them to be used for the beneficiary’s benefit during life. Read this blog, by my friend and colleague Steve Hartnett, an estate planning expert, to learn more about this type of trust and whether it might make sense for you.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- 5 Types of Assets A Will Does Not Cover - January 22, 2022
- How Do I Know If Probate Is Necessary for My Spouse’s Estate? - January 20, 2022
- Can an Agent Make Gifts Using a Power of Attorney? - January 18, 2022
Leave a Reply
You must be logged in to post a comment.