Do You Need To Plan For Generation-Skipping Transfer Taxes?

Maximize the assets that will pass to future generations by paying attention to this often-overlooked tax. 

In her latest article for Forbes, Day Pitney Trusts and Estates Partner Christine Fletcher explains how the generation-skipping transfer tax can affect gifts and inheritances to grandchildren and others two or more generations younger. She outlines practical planning considerations, including tracking the use of both estate and generation-skipping transfer tax exemptions, carefully reviewing gift tax returns, and considering dynasty trusts to preserve wealth for future generations.

The article is part of Fletcher’s ongoing estate planning column contributions to Forbes. Read the full column here. Read her collection of articles here.