Generation-skipping transfer tax: Difference between revisions

Many individuals who might otherwise leave their entire estates outright to their children allocate their generation-skipping exemptions to transfers to generation-skipping transfer tax exempt trusts for their children and grandchildren funded with cash or property worth up to the available generation-skipping transfer tax exemption. If the term of such trusts is not limited, the trusts are often referred to as "[[dynasty truststrust]]s."