generation-skipping trust
- A financial tool aimed at reducing estate tax by preserving the principal for the grantor's grandchildren and providing the children with only income from the trust, thus avoiding estate tax when the children die
- Jack set up a generation-skipping trust to ensure his grandchildren could fully benefit from his wealth.
- The generation-skipping trust is a clever strategy to reduce potential estate tax.
- The generation-skipping trust allowed Joanna's grandchildren to receive the majority of her wealth without being excessively taxed.
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