The generation skipping transfer tax is assessed on property as it is passed on to a generation that is two or more levels below the generation actually transferring the property. Put another way, when you transfer your property to a grandchild, as opposed to your son or daughter, the transfer is subject to the generation skipping tax. Learn more about Arkansas generation skipping tax in this presentation.
- Estate Planning is Essential Whether You Are Married or Not - April 25, 2018
- Income Tax Basis in Estate Planning – Part 2 - April 23, 2018
- The Downsizing Generation: How to Handle a Surplus of Stuff When a Loved One Ages - April 18, 2018