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June 2016Generation Skipping without Skipping a Generation skipping transfer tax can be confusing, but understanding generation skipping enables another level of planning that can save families millions,

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What is generation skipping without skipping?

Generation skipping without skipping refers to transferring assets to a younger generation without skipping a generation in between.

Who is required to file generation skipping without skipping?

The individual or entity making the transfer is required to file generation skipping without skipping.

How to fill out generation skipping without skipping?

To fill out generation skipping without skipping, the transferor must provide details of the transfer and any relevant information requested by the IRS.

What is the purpose of generation skipping without skipping?

The purpose of generation skipping without skipping is to transfer assets to a younger generation while potentially minimizing tax consequences.

What information must be reported on generation skipping without skipping?

The report must include details of the transfer, relationship between the transferor and transferee, and the value of the assets transferred.

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