Glossary Item Box

ABC Trusts for Generation-Skipping (Illustration) | ABC Trusts for Generation-Skipping (Definition) | Trust A (ABC Trusts) | Trust B (ABC Trusts) | Trust C (ABC Trusts)

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GSTT Using Bequests (Illustration)

 

A Generation-Skipping Transfer Tax is imposed on gifts or bequests that "skip" a generation – for example, from grandparents to grandchildren. 

 

The example below assumes both deaths occur in any year after 2010.

  

For more information, pass your cursor over the graphic and click on an item.

 

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ABC Trusts for Generation-Skipping (Illustration) | ABC Trusts for Generation-Skipping (Definition) | Trust A (ABC Trusts) | Trust B (ABC Trusts) | Trust C (ABC Trusts)

 

 

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