by Arthur Geffen | Jul 26, 2016 | Generation Skipping Tax
It wasn’t supposed to work this way. A decades-old tax was created by the federal government with the intent of keeping the wealthy from using trusts to pass their fortunes on to future generations without facing estate taxes. Instead, state law changes...
by Arthur Geffen | Jun 27, 2011 | Estate Planning, Estate Planning Solutions, Estate Tax, Generation Skipping Tax, Gift Tax
According to CCH, a leader in tax and accounting services and software, here’s how things will change at the end of 2012 unless, of course, Congress tinkers with the rules again: 2011-2012 2013-? Maximum Tax Rate 35% on excess over $5 million Phases in starting...
by Arthur Geffen | Dec 22, 2010 | Generation Skipping Tax
The new tax law contains some good news for wealthy families who wish to transfer assets via trusts to younger generations without having to pay a “generation skipping transfer” tax. But those who wish to take advantage of such transfers need to act...
