Generation-Skipping-Transfer-Tax

Generation-Skipping Transfer Tax

Generation-skipping transfer (GST) refers to the tax imposed by the US government on transfers of property that skip a generation of heirs. Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to their grandchildren, bypassing their children. The GST tax applies on top of […]

Generation-Skipping Transfer Tax Read More »