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Tax on Generation-Skipping Transfers Explained

Tax on Generation-Skipping Transfers Explained

Transfers that skip a generation of heirs are subject to the generation-skipping transfer tax (GST). Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to their grandchildren, bypassing their…

What Are the Benefits of Having a Will?

What Are the Benefits of Having a Will?

The thought of death, especially your own, is uncomfortable. Add to that the issue of what will happen to our assets after our deaths and it’s little wonder why so few people have created wills and other estate planning documents.…

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