‘Generation-Skipping’ Can Be A Smart Move
For a change in federal law to be more than 30 years old, too many people are still unaware of the “generation-skipping” trust – and why it should be a part of your new estate plan.
At Vieira & DiGianfilippo, our knowledgeable estate and probate attorneys educate clients to the benefits of this trust, the main one being a shelter for inherited funds from estate taxes sought by the IRS. This exemption is applicable for those whose estates pass to people, rather than charities. Its advantages are so obvious that the government limits the amount of money that would be affected by it.
The “generation-skipping” part is something of a misnomer, since no one is being bypassed, overlooked or disinherited. It’s the estate tax from each generation that is being skipped. We’re glad to go into more detail about this exciting estate opportunity during your initial consultation with us.
For An Estate Plan You Can Be Proud Of, Contact Us
Our law firm’s almost 60 years of experience with proactive estate strategies is proof that we can help you. To discuss the generation-skipping transfer tax with one of our experienced estate planning lawyers in Rhode Island or Massachusetts, call 401-400-3375 in Providence, 508-297-6163 in South Easton or 508-339-7179 in Mansfield. Your email will be answered promptly.