Generation skipping transfer tax, also known as a GST, is a separate tax on property that passes to a "skip person".

A skip person is two or more levels below the generation of the person who is making the transfer. The GST tax exemption is currently $11.58 million for a U.S. citizen.

  2017 2018 2019 2020
GST Tax Exemption $5,490,000 $11,180,000 $11,400,000 $11,180,000
GST Rate 40% 40% 40% 40%

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Lori Ashmore Peters
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Helping Dallas area families with all of their legal Estate Planning, Probate and Business Planning needs.