Generation-Skipping Trusts

A Generation-Skipping Trust (GST) is a legal arrangement that allows assets to be passed down to grandchildren or later generations while skipping the immediate children. This is often used to minimize estate taxes and preserve family wealth over time. The trust holds and manages the assets, providing benefits to the grandchildren while avoiding tax liabilities that would arise if the assets were given directly to the children first. By doing this, families can protect their wealth and ensure it supports future generations without incurring unnecessary tax burdens.