Federal Generation-Skipping Transfer Tax | Practical Law

Federal Generation-Skipping Transfer Tax | Practical Law

A Practice Note discussing the key aspects of the federal generation-skipping transfer (GST) tax, explaining ways to transfer property free of the GST tax, and describing techniques to take advantage of the GST exemption amount allowed to each individual. This Note also discusses how to allocate the GST exemption to transfers and when to file a GST tax return. This Note does not discuss state-specific GST taxes.

Federal Generation-Skipping Transfer Tax

Practical Law Practice Note w-000-2506 (Approx. 47 pages)

Federal Generation-Skipping Transfer Tax

by Practical Law Trusts & Estates
MaintainedUSA (National/Federal)
A Practice Note discussing the key aspects of the federal generation-skipping transfer (GST) tax, explaining ways to transfer property free of the GST tax, and describing techniques to take advantage of the GST exemption amount allowed to each individual. This Note also discusses how to allocate the GST exemption to transfers and when to file a GST tax return. This Note does not discuss state-specific GST taxes.