Texas Generation
Skipping Trust

You can hire a lawyer to create a Generation Skipping Trust for you, or you can purchase a fill in the blank Generation Skipping Trust template from any number of online legal forms websites.

You arrange to have two witnesses age 18 or older that aren’t mentioned in your Generation Skipping Trust present at the time of your Generation Skipping Trust signing. Both witnesses must have a valid (can’t be expired) U.S government ID to show the Texas notary public.

You contact Mobile Austin Notary to schedule a date, time, and location to have one of our mobile Texas notaries travel to you and be physically present at your Generation Skipping Trust signing.

The signors of the Generation Skipping Trust must present a valid (can’t be expired) U.S government photo ID to the Texas notary public. Then sign the Generation Skipping Trust physically in front of both the Texas notary public and the two witnesses to legally execute the Generation Skipping Trust in Texas.
Generation
Skipping Trust
Texas
A generation Skipping Transfer is defined in the Internal Revenue Code and involves very complex tax issues. A tax, which is referred to as the generation-skipping transfer tax and is in addition to any other federal tax, is placed upon certain transfer of property.
You have an exemption for all generation-skipping transfers you make during your lifetime or at your death. This exemption is $1,000,000.00 with upward adjustments for inflation for persons who die in calendar years after 1998.
Texas Requirements
To Execute A
Generation Skipping
Trust

Age
The testator (the person or people who will be signing the Generation Skipping Trust) must be at least 18 years old with one of these valid (can’t be expired) U.S government forms of photo identification which can be a U.S driver’s license, U.S passport, U.S state identification card, U.S License To Carry (LTC) card, or a U.S military/uniformed services ID card) to show a Texas notary public.

Capacity
The testator must be of sound mind (be fully conscious and lucid as well as capable of reasoning and making autonomous decisions), not be forced or deceived into signing the Generation Skipping Trust, and have the intention to pass on property at death.
It’s ok if someone, because of injury, trauma, or illness, can’t physically sign their full legal name. A personal mark of some sort made by the testator in front of a Texas notary public will legally suffice in extreme physical impairment situations.

Signature
A Generation Skipping Trust must be signed by the testator or another person at his or her direction and in his or her presence.

Witnesses
A Generation Skipping Trust, by Texas law, must be attested by two witnesses (the notary public cannot legally be one of the two witnesses in Texas) that are at least 18 years old and are considered non-interested third parties.
Meaning the two witnesses cannot be a named beneficiary, be married or directly related to a beneficiary or be mentioned in any capacity in the Generation Skipping Trust they are witnessing.
Witnesses must have a valid (can’t be expired) U.S government photo identification card which can be a U.S driver’s license, U.S passport (it cannot be a foreign passport or Visa), U.S state identification card (any U.S state), License To Carry (LTC) or a U.S military photo ID card) to show a Texas notary public and they must sign in the presence of the testator.

Texas Notary Public
In the State of Texas a licensed Texas notary public must be present at a Generation Skipping Trust signing to verify the identities of all parties (Trust signors and the two witnesses) involved and witness the testator signing all the legal document paperwork that is included in the Generation Skipping Trust.
It is extremely important to make some type of Will or a Trust if you want to control the distribution of your estate.
If you die before you make a Texas Will or Texas Trust you are said to have died “intestate”, and your property will be distributed according to strict Texas probate laws.
Mobile Austin Notary always recommends to consult with a lawyer, certified public accountant, and/or an estate, probate, or financial planner before you try to create or execute a Texas Generation Skipping Trust for your family, business or for yourself.
• IRA Trust
• Joint Will
• Land Trust
• Living Will
• Marital Trust
• Medicaid Trust
• Minor’s Trust
• Mirror Will
• Mutual Will
• Offshore Asset Protection Trust
• Oral Nuncupative Will
• Pooled Trust
• Pour Over Will
• Qualified Terminable Interest Property Trust
• Qualified Personal Residence Trust
Disclaimer: The content on this page and website is only intended to be used as general legal terminology, research, and definition information.
It is not to be considered by anyone to be financial, accounting, estate and probate planning, legal advice or legal consultation in any shape or form.

































