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GSTT in a nutshell

GSTT in a nutshell The GSTT is levied, in addition to any gift or estate taxes that apply to the transfer On the value of any life insurance (and/or any other property) Transferred during lifetime or at death without adequate consideration

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Ask the Estate Planning Attorney Bergen County, NJ: The Tax Cut and Jobs Act and My Estate Plan, Part I

The u201cTax Cut and Jobs Act,u201d TCJA for short, is major legislation that affects individuals, businesses, and tax-exempt and government entities. Passed in December 2017, several changes were made to the individual income tax that affects estate plans and retirement planning. This first post will examine the generation-skipping transfer tax exemption. The next post will review TCJAu2019s impact on retirement planning, specifically Roth conversions, 529 savings plans, and the elimination of the individual mandate provision of the Affordable Health Care Act

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Skip persons - PowerPoint PPT Presentation

GSTT in a nutshell

Ask the Estate Planning Attorney Bergen County, NJ: The Tax Cut and Jobs Act and My Estate Plan, Part I