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Bypassing adult kids in favor of grandchildren There are a variety of reasons a grandparent may want to leave an inheritance to their grandchild and not their own adult child.
The U.S. generation-skipping transfer tax (a.k.a. "GST tax") imposes a tax on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor or to related persons more than one generation younger than the donor, such as grandchildren. [1]
Typically, these laws obligate adult children (or depending on the state, other family members) to pay for their indigent parents’/relatives' food, clothing, shelter and medical needs. Should the children fail to provide adequately, they allow nursing homes and government agencies to bring legal action to recover the cost of caring for the ...
Troxel v. Granville, 530 U.S. 57 (2000), is a case in which the Supreme Court of the United States, citing a constitutional right of parents to direct the upbringing of their children, struck down a Washington law that allowed any third party to petition state courts for child visitation rights over parental objections.
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A final photo has emerged of North Carolina grandparents on the roof of their home, surrounded by floodwaters, minutes before they drowned due to Hurricane Helene. Jessica Drye Turner’s family ...
Grandparent visitation is a legal right that grandparents in some jurisdictions may have to have court-ordered contact (or visitation) with their grandchildren. In no case is contact between grandparents and children considered an inalienable right .
Related: All About Snoop Dogg's 7 Grandchildren Snoop is dad to sons Corde, 30, Cordell, 27, and Julian, 26, as well as daughter Cori, 25, whom he shares with his longtime wife and high school ...