Glossary Item Box

Advanced Help Send comments on this topic.

$2,200,000 Skipped To Grandchildren

 

The full GSTT Exemption for both grandparents of $2,200,000 (in 2010) passes to the grandchildren. Had the bequest not skipped a generation, the assets would have also been subjected to estate taxes a second time in the estate of the parents of the grandchildren. 

 

See GSTT Exemption for more details.

 

 

© 2006 Impact Technologies Group, Inc. All Rights Reserved.