A trust for your children and grandchildren may need a separate plan for generation-skipping transfer tax. The gift-tax return, trust terms and timing of…

A trust for your children and grandchildren may need a separate plan for generation-skipping transfer tax. The gift-tax return, trust terms and timing of the exemption allocation can change how much future growth the family protects.

Allocating GST exemption to family trusts is the focus of this Daily Tax Planning Strategy.