Keep Clients From Losing Out on GST Tax Exemption

26-Oct-2015 #Globalwealth Source: Wealth Management

A client who wants to modify an irrevocable trust into a generation-skipping transfer (GST) trust so that it applies to future generations could be in trouble after the new ruling which was passed.  Such a modification could result in loss of the GST tax exemption. The article explains in detail the rules on trust modification.

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