Have you heard of a Generation Skipping Trust before? Have you been told that it’s a trust that will cut out your children from your inheritance and leave everything to your grandchildren? That’s what the name sounds like, but this isn’t exactly true. It’s a common misunderstanding. So what is a Generation Skipping Trust?
A Generation Skipping Trust is a trust that we sometimes refer to as a Dynasty Trust or a Legacy Trust because it is designed to leave a legacy that will protect