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Investments glossary

Generation-Skipping Transfer Tax (GSTT)


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Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil

— Golda Meir

The generation-skipping transfer tax is a federal tax that results when there is a transfer of property by gift or inheritance to a beneficiary who is at least 37½ years younger than the donor. Generation-skipping transfer taxes serve the purpose of ensuring that taxes are paid when assets are placed in a trust, and the beneficiary receives amounts in excess of the generation-skipping estate tax credit.

Trust Education: Taking Full Advantage of Generation Skipping Tax
Trust Education: Taking Full Advantage of Generation Skipping Tax
Title
Trust Education: Taking Full Advantage of Generation Skipping Tax
Runtime
1:00:48
View count
5,619
Date posted
Sep 16, 2015
Tenth of an Hour, Episode 9: Generation-Skipping Transfer Tax Basics, Part I
Title
Tenth of an Hour, Episode 9: Generation-Skipping Transfer Tax Basics, Part I
Runtime
8:06
View count
555
Date posted
Jul 23, 2020
Episode 5: Overview of the U.S. Transfer Tax System: The Generation-Skipping Transfer Tax
Title
Episode 5: Overview of the U.S. Transfer Tax System: The Generation-Skipping Transfer Tax
Runtime
11:05
View count
1,201
Date posted
Oct 3, 2018

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