The generation-skipping transfer tax is an extra tax charged on transfers made to the donor’s grandchildren or later descendants that exceed the lifetime exemption.
This tax is also unified with the estate tax and gift tax schedules, with a maximum rate of 40% along with a lifetime exemption of $5.25 million in 2013.
About Swier Law Firm's Estate Planning & Probate Practice Group
Swier Law Firm has a nationally recognized practice in estate planning and probate law and handles the following types of cases:
Take a look at our valuable estate planning books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized estate planning attorneys and provide detailed South Dakota-specific information designed to help anyone with estate planning issues. You can request your free copy by clicking on the book cover below.
.png)
(1).png)
