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4 Advantages of a Generation Skipping Trust. comments A generation skipping trust is a type of trust that an individual can utilize in order to pass their assets on to their grandchildren and skip their children. Your property will go into the ownership of a trust and they will be held until your grandchildren are ready for.
This type of trust makes it to where the grantor’s children’s generation is skipped and they do not receive the assets from the trust to avoid the estate taxes that are applied if the person were to leave the assets to the children. GST Exemption Trust can be confusing for common people and may need Expert advice and answers.