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

Video Transcription:

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. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys