Can I Avoid The Generation-Skipping Transfer Tax?

Video Transcription:

The generation-skipping tax, GST, is an additional tax on a bequest when you die or a gift during your lifetime that’s made to a grandchild or somebody else in a lower generation, not just your child. In addition to the gift tax or estate tax, there may be an additional GST tax. Yes, there are ways to reduce that. Oftentimes they’re similar to the ways to reduce estate tax.┬áHave any more questions? Contact us today to schedule a free consultation! Doane & DoaneTop rated Tax & Estate Planning Attorneys