![]() Note that Article Fifth (D) does provide language addressing generation-skipping tax issues in the event the size of the estate approaches the federal estate tax generation-skipping tax exemption. Of course, the indicated ages may be modified above or below those provided where considered appropriate. It may be used where there is concern for outright distributions to grandchildren who have not yet attained age 35. It is assumed that this instrument will be suitable for persons having modest estates well below the federal exemption. When the beneficiary attains age 35, the trust ends and the funds are paid outright to the beneficiary. When a trust beneficiary attains age 30, such beneficiary receives one-half of the balance of his/her trust. Otherwise, the share of the grandchild is held in trust until age 35, with the trustees authorized to pay income and principal in their discretion for a grandchild’s health, education, maintenance and support. If a child does not take, and the property passes to grandchildren, a grandchild must be age 35 to receive an outright share. ![]() ![]() If the spouse does not survive, the property then passes outright to children, per stirpes. ![]() The testator leaves all property to his or her spouse outright. ![]()
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