A Guide to Allocation of Generation Skipping Tax (GST ...

Separate GST-Exempt and Non-Exempt Trusts: The usual practice “when property will be placed in trust and the generation skipping transfer will occur at a later time, (is) to allocate GST exemption to one trust (or group of trusts) so that it (or they) will be entirely exempt from the tax and for the other trust (or trusts) to not be exempt at ... ................
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