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This educational video about Generation Skipping Trusts (GSTs) was produced by California estate planning & elder law attorney Randall F. Kaiden. If you are a grandparent who wants to leave assets to your grandchildren, I’m afraid there’s something you should know. And that is, even after you set up your living trust and planned to maximize your estate tax exemption, you might have a whole other tax to worry about. This tax is called the Generation Skipping Transfer Tax and it is imposed on transfers that skip a generation. This video explores the GST tax and offers up an idea on how to avoid it.
Randall F. Kaiden, founding attorney at Kaiden Elder Law Group, PC (and The Trust Store-our online portal), was born and raised in Los Angeles. In 1998, he began working in tax, estate planning and probate law. Soon thereafter, he added Medi-Cal & Veterans Planning to his practice. Since that time, he has been VA Accredited to represent claimants before the Department of Veteran’s Affairs. He is a member of Elder Counsel, Wealth Counsel and the National Academy of Elder Law Attorneys. His practice is elder-centered, helping people respond to the challenges associated with chronic illness or disability as well as focusing on asset preservation, probate avoidance, tax reduction, trusts and estates.
Attorney: Randall Kaiden, Esq.
Contact: http://www.kaidenelderlaw.com
These online videos and reading materials were prepared by Randall F. Kaiden, Esq. and for informational purposes only. They therefore DO NOT CONSTITUTE LEGAL ADVICE OR SERVICES. Watching and reading the information contained here is not intended to create an attorney-client relationship. Do not rely upon any information you receive here for any purpose without seeking independent legal advice from a licensed attorney in your State. The information provided here is very general and may or may not reflect the most current law. Thus, the information contained here is not promised or guaranteed to be correct or complete. Nothing contained on this website or retransmitted on any other is intended to be used or relied on, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended. TAXPAYERS MUST SEEK INDEPENDENT TAX LEGAL ADVISE FOR THEIR OWN PARTICULAR CIRCUMSTANCES, WITH RESPECT TO ANY TRANSACTION OR MATTER CONTAINED HEREIN. Randall F. Kaiden expressly disclaims all liability in respect to actions taken or not taken based on any and all of the information (in any format) provided here.
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