What is the generation-skipping tax exemption?
What is the generation-skipping tax exemption? The Generation-Skipping Tax Exemption An exemption is an amount that can be directly transferred to grandchildren or into a generation-skipping trust for the benefit of grandchildren without incurring a federal GST. What is the generation-skipping tax rate? 40% The GSTT effectively closed the loophole wealthy individuals were legally able […]