Abstract

http://ssrn.com/abstract=1598487
 


 



The Generation-Skipping Transfer Tax: A Quick Guide


Mark Powell


Chapman University - School of Law

October 1, 2009


Abstract:     
Sooner or later, every estate planner comes face-to-face with the generation-skipping transfer tax. Many practitioners do not feel up to the challenge because this particular tax as a reputation as being treacherous as the sea. This article helps identify situations that subject clients to the GSTT.

***NOTE: One sentence in the discussion about life insurance trusts is misleading as it was finally edited. The first sentence of the second paragraph in the Life Insurance Trust Issues section should say that if a transfer to an ILIT qualifies for the annual gift tax exclusion, it MAY ALSO be exempt from GST if the trust is drafted the right way. As published, the sentence makes it sound like annual gift tax exclusion gifts automatically qualify for GST exclusion, but it is not automatic. The trust must be designed the right way for contributions to qualify for both exclusions.

Number of Pages in PDF File: 6

Keywords: estate tax, generation-skipping transfer tax, GST, GSTT

working papers series


Download This Paper

Date posted: May 3, 2010  

Suggested Citation

Powell, Mark, The Generation-Skipping Transfer Tax: A Quick Guide (October 1, 2009). Available at SSRN: http://ssrn.com/abstract=1598487 or http://dx.doi.org/10.2139/ssrn.1598487

Contact Information

Mark Powell (Contact Author)
Chapman University - School of Law ( email )
One University Drive
Orange, CA 92866-1099
United States
Feedback to SSRN


Paper statistics
Abstract Views: 3,590
Downloads: 1,150
Download Rank: 8,541

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.594 seconds