Generation-Skipping Transfer or Trust
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Generation-skipping transfer or trust

A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. The income from the trust goes to the children of person A while they survive.

Generation-Skipping Transfer or Trust

A trust into which assets are deposited and invested, but for different beneficiaries. That is, the assets of the trust are held on behalf of the grantor's grandchildren; they are divided among them when the grantor's children all die. On the other hand, income from the investment of those assets is distributed among the grantor's children. Generation-skipping trusts allow the grantor's assets to bypass estate taxes that the children would have to pay if the assets were directly transferred.

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No references found			EXECUTIVE SUMMARY * Despite its fearsome reputation, the generation-skipping transfer tax (GSTT) is straightforward in its provisions and worth the attention of CPA planning advisers, especially in the currently unsettled political climate. The generation-skipping transfer tax: a quick guide: boil down the ... by Powell, Mark E. / Journal of Accountancy EXECUTIVE SUMMARY * Congress enacted the generation-skipping transfer tax to prevent avoidance of the estate or gift tax through bequests or gifts that skip a generation. Last-minute estate planning for 2009: focus on the GST by Hoffman, Michael J.R. / The Tax Adviser The federal estate tax has been around since 1916, after making brief appearances in the 19th century to raise emergency revenue In 1976, the gift and estate taxes were unified, and the generation-skipping transfer (CSF) tax--which taxes lifetime and at-death transfers to people more than one generation away from you (for example, a grandchild)--was introduced. The state of the federal estate tax: Congress is getting closer to ... by Kanyuk, Amy K. / New Hampshire Business Review			General Creditor General Depreciation System General Ledger general lien General Loan and Collateral Agreement General Mortgage General Obligation General Obligation Bond General Obligation Bonds General Order general partner general partnership General price level General Price Level Accounting General Revenue General Rule General Securities Registered Representative Examination General Services Administration General Straight-Line Depreciation System General Strike General Tariff General Utilities Doctrine general warranty deed generally accepted accounting principles Generally Accepted Auditing Standards Generation-Skipping Transfer Generation-Skipping Transfer or Trust Generic Generic Bond Generic Credit Spread Generic Market Generic Prices Generic Security Genetic Algorithms Gengetsu Gengetsukan Genka Hou Genka Shoukyaku Genkin Kessai Genkin Shugi Gensaki Gensaki Baibai Genson Gentlemen Prefer Bonds gentrification geodetic survey system geographic information system Geographic Risk Geometric mean return George Akerlof George Eastman			Generation time Generation to Generation Generation to Load Distribution Factor Generation Unrestricted Network Drive Assault Module Generation Unsubdued Nuclear Drive Assault Module Generation West Virginia Generation Why? generation X generation X generation X generation X Generation X Productions Generation X Technologies Generation X Wrestling Generation X'er Generation Xer Generation Xer Generation Xers Generation Xs Generation Y Generation Y Generation Y Generation Y culture Generation Z Generation Z Generation, Transmission & Switch Gear Generation-Recombination Generation-set Generation-set system Generation-Skipping Tax Generation-Skipping Transfer Generation-skipping transfer or trust Generation-Skipping Transfers Generation-Skipping Trust Generation-Skipping Trusts generational generational generational generational Generational Leadership Listening Sessions Generational Ministries South Africa generationally generationally generationally generationally Generations Generations Generations Generations Generations Accepting All Youth Generations and Gender Program Generations and Gender Survey Generations Can Connect Generations Invigorating Volunteerism and Education Generations of Adam generations of man generative generative generative generative Generative and Transformational Techniques in Software Engineering

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Generation-Skipping Transfer or Trust (redirected from Generation-Skipping Transfer)

Generation-Skipping Transfer or Trust
(redirected from Generation-Skipping Transfer)