A federal tax imposed on outright gifts and transfers in trust, whether during lifetime or at death, to or for beneficiaries two or more generations younger than the donor, such as grandchildren, that exceed the GST tax exemption. The GST tax imposes a tax on transfers that otherwise would avoid gift or estate tax at the skipped generational level. Some states impose a state generation-skipping transfer tax.
Denton Satellite Location*
1308 Teasely Lane, Suite 119 Denton, Texas 76205
* Satellite Locations are available by appointment only.
Tarrant Satellite Location*
5601 Bridge Street Suite 300, Fort Worth, Texas 76112