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Private Client Services Partner, Stefanie Lipson, authored "Beyond the GST of It" for the prominent Trusts & Estates Magazine published by WealthManagement.com.
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Private Client Services Partner, Stefanie Lipson, authored
"Beyond the GST of It" for the prominent Trusts &
Estates Magazine published by
WealthManagement.com.
Excerpt:
Unlike Chapters 11 (estate tax) and 12 (gift tax) of the
Internal Revenue Code, which in most cases apply either on death or
during lifetime, respectively, because of the reconciliation
process for lifetime gifts and includible assets at death that
occurs on a decedent's estate tax return, Chapter 13's
generation-skipping transfer (GST) tax spans both realms, sometimes
lying in wait for, well, generations, before it reveals
itself.
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