What Does the Generation Skipping Tax Do

question 99

Multiple Choice

What does the generation skipping tax do?

• A)It imposed additional tax on gifts and bequests that are made from grandparent to grandchild.
• B)It allows grandparents to skip paying taxes on funds gifted to grandchildren.
• C)It encourages parents to skip leaving funds to their own children and to plan on leaving their estate to their grandchildren.
• D)All of the above
• E)None of the above

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