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.
Latest posts by Deb Sexton (see all)
- 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
Leave a Reply