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A grandparent has won the lottery and has never made any gifts. He is single and would like to transfer as much as he possibly
A grandparent has won the lottery and has never made any gifts. He is single and would like to transfer as much as he possibly can during the year to his grandchild without triggering any generation-skipping transfer (GST) tax. How much can he transfer to his grandchild in 2021 and meet his goal?
A) $15,000.
B) $4,625,800.
C) $11,700,000.
D) $11,715,000.
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