
9 minutes read
Generation Skipping Tax (GST) Simplified: Pitfalls and Planning Opportunities
Contributed by: Brian Sak CFP®, CLU®, ChFC®
Navigating the seemingly endless tax regulations can feel daunting, especially for high-net-worth families and business owners striving to preserve and protect generational wealth. According to the book "Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values", 90% of family wealth is dissipated by the third generation. Ineffective…