The Generational Holding Sub/Trust (GHT)
App allows you to formulate terms that will cause designated beneficiary account
values to be held in your trust (after decease) for the INITIAL benefit of your
first generation children (primary beneficiaries), at values and times as you
prescribe, and later for the subsequent benefit of your grandchildren. A
GHT format can also provide your trust estate with very real asset protection
and long term (post-mortem) control over your family assets for two generations
of posterity, which is generally not otherwise available with customary
"outright distribution" formats.
Based solely on the administrative terms that you elect for your GHT format, a
certain value of each respective designated account originally allocated to the
first generation children (Primary Beneficiaries) can be available to them as an
income stream, and/or for health, education, maintenance and
support (HEMS) purposes, and/or for outright distributions of up to
five thousand dollars ($5,000) or five percent (5%) on an annual but
non-accumulative basis for their lifetimes. Afterward, the
remainder account values will be allocated to your second-generation (your
grandchildren, the remainderman beneficiaries) where they now qualify for HEMS
distributions from your trust. Your grandchildren will then later receive
outright distributions from their respective accounts when they have obtained
the age(s) necessary to receive such distributions accordingly as you have
determined in your trust with this App.
|