Is there a way to plan for the generation-skipping transfer tax?

Is there a way to plan for the generation-skipping transfer tax? Yes, there is a definitely a way to plan for the generation-skipping transfer tax, and that’s an important aspect of all of your estate planning. Currently, you have over…

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Is there a way to plan for the generation-skipping transfer tax?

Yes, there is a definitely a way to plan for the generation-skipping transfer tax, and that’s an important aspect of all of your estate planning. Currently, you have over an $11 million per person generation-skipping tax exemption. But remember, in January 1 of 2025, that is going to shrink back down to around $6 million, so appropriate planning should be done as soon as possible to make certain that you have the benefit of the full GST exemption.

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