Multi-Generational Planning
As families look to direct, preserve and protect their assets over multiple generations, new strategies and modifications to the traditional ones fall under the umbrella of multi-generational planning tools. We will work with your attorney to create and direct investments to fund a variety of strategies. Included among these are the increasingly popular Dynasty Trusts, or Generation-Skipping Transfer Tax" ("GSTT") Trusts, which can be structured to deliver numerous benefits, including lowered estate taxes, protection of assets from bankruptcy, law suits and the IRS. Included also are situations involving failed marriages of the heirs to the family assets, as these assets are owned by a trust, and not the individual.
In addition to maximizing the tax benefits of setting up the appropriate trust vehicle, we can help you, as grantor, provide for your children’s care, specifically as it relates to their health, education and maintenance. Furthermore, these benefits could go on repeatedly through the generations to support of each and every one of the grantor’s descendants, including a college education for one’s grandchildren, great grand children, great-great grandchildren, and so on, depending upon how the trust assets were invested and the timing and size of the disbursements.
We will work with your attorney to create and direct investments to fund a variety of strategies.