![A New Paradigm: Truly Multigenerational Planning A New Paradigm: Truly Multigenerational Planning](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/blt0c08089a9cb8054c/67336f3d2d01b93b8ae3e63a/gilfix-multi-gen-promo.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
To many attorneys, the term “multi-generational planning” brings to mind family business, dynasty trust, generation-skipping transfers (GSTs) and a host of tax planning opportunities. These opportunities are inherently “top down,” in the sense that the older generation—the parents—do the planning for the benefit of following generations.
Attorneys pay far less attention to the type of multi-generational planning that’s required when concerns about the cost of long-term care (LTC) and related issues arise. On a more plebeian level, it’s rarely considered and pursued when dealing with a more or less straightforward estate plan for a typical client.
These latter examples suggest a different paradigm—an approach in which multiple generations a...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?