Generation-Skipping Transfer Trust (GST Trust) Template

What Is the Generation-Skipping Transfer Trust Template?

This irrevocable trust agreement lets you transfer assets to grandchildren, great-grandchildren, and more remote descendants while neutralizing the federal generation-skipping transfer tax through strategic exemption allocation. Without proper GST planning, transfers that skip your children's generation face an additional 40% tax beyond regular estate and gift taxes. This trust allocates your lifetime GST exemption to create a zero inclusion ratio, eliminating that tax permanently for all future distributions to skip persons.

The trust continues for multiple generations—often 100+ years depending on state perpetuities laws—allowing wealth to compound without additional estate tax at each generational transfer. Your children can access funds subject to trustee discretion, but the trust's primary focus is protecting wealth for grandchildren and beyond while preserving the GST exemption you've allocated.

 

 

Is This Generation-Skipping Transfer Trust Right for You?

You need this agreement if you're:

• Planning to leave assets directly to grandchildren or great-grandchildren
• Creating multi-generational dynasty trusts that last 50+ years
• Transferring wealth expected to grow substantially over time
• Maximizing use of your $13.61 million GST exemption
• Building family wealth protection from creditors and taxes
• Establishing trusts that benefit multiple descendant generations

You definitely need this agreement if:

• You're skipping children to benefit grandchildren directly
• Estate value exceeds or approaches GST exemption limits
• You want perpetual wealth preservation beyond traditional trusts
• Your children are financially secure and don't need inheritance
• State law permits extended dynasty trusts lasting centuries

 

 

Why Thousands Trust Legal GPS Templates

Save Money. Estate planning attorneys charge $8,000-$20,000 to create GST dynasty trusts. Our template costs $35.

Save Time. Download your template immediately after purchase rather than waiting months for complex estate planning drafts and revisions.

Look Professional. Financial institutions and trust companies accept our attorney-quality format for administration without requiring expensive legal opinions.

Keeps You Out of Court. Comprehensive provisions covering GST exemption allocation, independent trustee requirements, spendthrift protections, and perpetuities compliance prevent costly disputes over trust validity or beneficiary rights.

 

 

 

Get Protected in 3 Simple Steps

Step 1: Secure Checkout. Complete your purchase through our encrypted payment system. Your template downloads immediately.

Step 2: Instant Download. Receive your attorney-drafted GST trust template in Microsoft Word format, ready for customization to your family structure and wealth transfer goals.

Step 3: Fill In the Highlighted Fields. Follow the bracketed guidance to allocate GST exemption, name beneficiaries across multiple generations, set distribution standards, choose dynasty duration, and establish trustee succession provisions.

 

Frequently Asked Questions

Can I use this template multiple times?

Yes. Your purchase includes unlimited use rights. Create separate GST trusts for different asset types, family branches, or updated versions as tax laws and exemption amounts change over time.

Is this contract legally binding?

Yes. This attorney-drafted template satisfies all legal requirements for valid generation-skipping transfer trusts under federal tax law. State courts recognize these trusts for perpetuities purposes and creditor protection when properly executed.

How much GST exemption should I allocate?

Allocate GST exemption equal to the fair market value of assets transferred to achieve a zero inclusion ratio. As of 2024, each person has $13.61 million lifetime exemption. Professional valuation is critical for hard-to-value assets like real estate or business interests.

Can beneficiaries serve as trustees?

Yes, but with limitations. Beneficiary-trustees can only exercise HEMS-standard distribution authority. If you want expanded discretion for business opportunities or lifestyle enhancements, you need independent trustees who aren't beneficiaries or related/subordinate parties.

What happens to the trust when I die?

The trust continues for its full term—potentially 100+ years. Your death doesn't terminate or trigger distributions. The trust keeps operating according to its terms, distributing to beneficiaries based on trustee discretion and the standards you've established.

Can I change beneficiaries or trust terms later?

Very limited changes only. GST trusts must be irrevocable to qualify for exemption allocation. You can correct errors, update administrative provisions, or substitute beneficiaries within the descendant class, but cannot reclaim assets or fundamentally change distribution terms without destroying tax benefits.