If you're a part of an ultra-high-net-worth family, it's important to understand the generation-skipping transfer tax and how it may affect your estate plan.

You may have considered creating a trust to transfer wealth to your grandchildren and great-grandchildren. But you may not have considered how the generation-skipping transfer tax could affect this inheritance. To better explain how the tax would impact a gift in trust, we are going to take a look at some math.

What You Need to Know about the Generation-Skipping Transfer Tax Returns

Several different returns involve the generation-skipping transfer tax. Read more to learn which form needs to be filed with the Internal Revenue Service in each circumstance.

This information is for educational purposes only and cannot be considered legal advice, nor does the receipt of this newsletter create an attorney client relationship.