Generation-skipping trust

The Basics of Estate Tax Planning

Estate planning matters if you’re hoping to preserve as much of your wealth and assets as possible for future generations. One of the biggest challenges is finding ways to minimize your tax liability, as taxes can shrink the value of … Continue reading →

The post The Basics of Estate Tax Planning appeared first on SmartAsset Blog.

What Is the Generation-Skipping Transfer Tax?

Estate planning can help you pass on assets to your heirs while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply. Also called the generation-skipping tax, this federal tax … Continue reading →

The post What Is the Generation-Skipping Transfer Tax? appeared first on SmartAsset Blog.