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A Guide to Understanding Tax on Generation-Skipping Transfers

A Guide to Understanding Tax on Generation-Skipping Transfers

In the US, generation-skipping transfer (GST) is the US government’s tax on transfers of property that skip a generation. Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to…

What is an Irrevocable Life Insurance Trust

What is an Irrevocable Life Insurance Trust

Since the federal estate tax exemption allowance appears to be in jeopardy of being lowered, it may be time to reconsider how you plan to pass generational wealth to your heirs. Senate Democrats are proposing to lower the current estate…

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