Generation-skipping transfer tax: Difference between revisions

Many individuals who might otherwise leave their entire estates outright to their children allocate their generation-skipping exemptionsexemption to transfers to generation-skipping transfertrusts taxfor exemptthe trustsbeneift forof their children and grandchildren. Such trusts will be funded with cash or property worth up to the available generation-skipping transfer tax exemption. If the term of such trustsa trust is not limited, the trusts are often referred to as [[dynasty trust]]s.