Episode Details
Back to EpisodesGeneration-Skipping Trusts: Protecting Wealth
Description
Generation-skipping trusts: A strategic way for retirees to pass wealth directly to grandchildren, bypassing the generation-skipping transfer tax. These trusts offer creditor protection, rule-setting capabilities, and can be used for education, health care, or home purchases. However, they require professional setup and come with irrevocable terms, with taxes still applicable for large estates.
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