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GENERATION SKIPPING TRANSFER TAX

GENERATION SKIPPING TRANSFER TAX. On Assets That “Skip” a Generation 48% Tax Rate $1,500,000 Exemption. Qualified Domestic Trust. BOB $2,000,000. BOB’S TRUST $1,500,000. BOB’S QDOT $500,000. INCOME, PRINCIPAL IF NEEDED. SUE. TAX-FREE GIFTS. $11,000 Per Year Per Beneficiary

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GENERATION SKIPPING TRANSFER TAX

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  1. GENERATION SKIPPING TRANSFER TAX • On Assets That “Skip” a Generation • 48% Tax Rate • $1,500,000 Exemption

  2. QualifiedDomesticTrust BOB $2,000,000 BOB’S TRUST $1,500,000 BOB’S QDOT $500,000 INCOME, PRINCIPAL IF NEEDED SUE

  3. TAX-FREE GIFTS • $11,000 Per Year Per Beneficiary • Unlimited Tuition, Medical Expenses

  4. APPRECIATING ASSETS ARE BEST TO GIVE AWAY • Removes Asset and Future Appreciation From Your Estate • Asset Keeps Your Cost Basis • Recipient Pays Capital Gains Tax When Sold

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