Contact UsWe have been talking to a friend about our estate and they recommended a generation skipping structure. Can you tell me exactly what this is? What are the benefits? What is the downside? What mistakes should we avoid?
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John Dundon, II EA
Check out these posts you might find them useful:
http://johnrdundon.com/estate-gift-and-generation-skipping-transfer-tax/
http://johnrdundon.com/is-that-gift-taxable/
http://johnrdundon.com/girt-tax-revised-irs-form-709-is-that-gift-taxable/
http://johnrdundon.com/2012-estate-tax-exemption-increase/
http://johnrdundon.com/american-taxpayer-relief-act-2012/
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556 weeks ago
http://johnrdundon.com/estate-gift-and-generation-skipping-transfer-tax/
http://johnrdundon.com/is-that-gift-taxable/
http://johnrdundon.com/girt-tax-revised-irs-form-709-is-that-gift-taxable/
http://johnrdundon.com/2012-estate-tax-exemption-increase/
http://johnrdundon.com/american-taxpayer-relief-act-2012/