| Generation Skipping Trust |
| A generation skipping trust may be revocable or irrevocable. A generation skipping trust is a transfer to any person who is two or more generations below the grantor. Why would someone use this kind of trust? There are many possibilities. It may be the children are doing very well and do not need an inheritance, and which may only increase their own federal taxable estate. It could be the grantor's children are not good money managers. |
| Copyright 2005-2006 by FreeRealEstateLaw.com and Charles E. Marunde |
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| Estate Planning & Asset Protection |
| Learn on this site how to do good estate planning and good asset protection. Learn also how to coordinate your business planning with your estate planning. |
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