Question
Astrid transfers $14,000 to her son Peter, $40,000 to her niece Meredith, and pays her granddaughter's tuition to Harvard. Which transfer is subject to the
Astrid transfers $14,000 to her son Peter, $40,000 to her niece Meredith, and pays her granddaughter's tuition to Harvard. Which transfer is subject to the Generation Skipping Transfer Tax (GSTT)?
a. None of these transfers will be subject to GSTT.
b. The granddaughter's tuition.
c. The transfers to Meredith and the granddaughter
d. All three transfers are subject to GSTT.
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Legal Ethics
Authors: Kent Kauffman
3rd edition
128570049X, 840024657, 9781285700496, 978-0840024657
