Generation Skipping Trust (GST)

At Capital Tax we specialize in sophisticated estate planning solutions, including Generation-Skipping Trusts (GSTs). Our team of Certified Public Accountants (CPAs) is here to help you create a strategic plan that preserves and grows your wealth across generations while minimizing estate and gift taxes.

 

What is a Generation-Skipping Trust (GST)?

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A Generation-Skipping Trust (GST) is a powerful estate planning tool designed to transfer assets directly to your grandchildren or other descendants, bypassing your children and potentially saving on estate taxes. Here’s how a GST works:

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• Skip Generations: Assets in a GST are passed directly to beneficiaries who are at least two generations younger than you, typically your grandchildren.

• Tax Efficiency: GSTs can be structured to take advantage of the generation-skipping transfer tax exemption, reducing or eliminating the taxes that would otherwise be due if the assets were transferred through your children.

• Control and Flexibility: You can set specific terms and conditions for how and when your grandchildren receive the assets, providing control over the distribution of your estate.

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Our Comprehensive GST Services

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1. GST Design and Structuring

   • Crafting a customized GST tax plan to align with your financial goals and family dynamics.

   • Strategic advice on structuring the trust to maximize tax benefits and meeting tax requirements.

2. Asset Allocation and Transfer

   • Assistance with selecting and transferring assets into the GST, ensuring IRS compliance.

   • Guidance on leveraging your GST tax exemptions.

3. Tax Planning and Compliance

   • Expert advice on navigating generation-skipping transfer tax regulations.

   • Ongoing tax planning to minimize liabilities and ensure compliance with IRS rules.

4. Trust Administration and Management

   • Tax support in managing and administering the GST.

   • Regular reviews and adjustments to adapt to changes in tax regulations or your personal circumstances.

5. Beneficiary Education and Planning

   • Educating your beneficiaries on their roles and the tax implications from receiving assets from a GST.

   • Planning to ensure that beneficiaries understand tax implications and are prepared for their inheritance.

 

Why Choose Capital Tax?

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At Capital Tax, we offer a wealth of experience and expertise in advanced estate planning strategies. Here’s why we are the right choice for your GST planning needs:

• Specialized Expertise: Our CPAs have deep knowledge of GSTs and the complexities of multi-generational estate planning.

• Personalized Solutions: We provide tailored strategies that fit your specific goals and family situation.

• Integrated Planning: We integrate GSTs with your broader estate and financial plan to ensure cohesive and effective wealth management.

• Dedicated Service: We are committed to delivering precise, reliable, and insightful guidance to secure your family's financial future.

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Get Started Today

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Contact us to discuss estate and trust tax planning.