2.) A.) Explain to your client what the Generation Skipping Transfer Tax is and the similarities and differences of the tax with the regular estate and gift tax. (5 points) B.) How can a client plan for the GSTT? What are some tools that can be used to avoid it or to utilize the annual exclusion? (5 points) 3.) Explain how trusts and estates are taxed for income tax purposes and how this taxation differs from estate and gift taxation. (5 points)