Changes in society and the law, some not even directly related to the estate-planning practice, have had a profound impact on the estate-planning world and caused it to evolve. For example, Congress introduced the generation-skipping transfer (GST) tax with the 1986 Tax Reform Act.1  They intended to limit the use of trusts and other transfer techniques to avoid estate tax at one or more lower generations. What they didn’t intend was the expanded use of lifetime/dynasty trusts to ...

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