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Reply to "Inheritance for children vs grandchildren "
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[quote=Anonymous]If you're of a certain wealth where you're going to exceed the estate tax exemption ceiling, it's an effective way to transfer money at a lower tax rate to ancestors. You do a generation skipping trust and the children avoid paying estate tax on those amounts. If the amount going to the grandchildren is under I think $10 or $11M, no estate tax for grandkids. [/quote]
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