How Does a Generation-Skipping Trust Work?

Generation-skipping trusts allow assets to grow or be transferred tax-free

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Last updated: 07-Aug-2009

Generation-skipping trusts aren't just for the very wealthy -- they're a way to save any family's assets from excessive taxation, ex-spouses looking for money, and creditors. Plus, they protect assets such as stocks that are likely to grow in value over time.

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