Estate and Wealth Transfers 7- Gift, estate, and generation skip tax (GST) rates and calculations

Question 1

Recall the current giftntax rate.

Question 2

Recall the current estate tax rates.

Question 3

Recall the generation skipping tax rates.

Question 4

Calculate tax liability for various gifts and estate scenarios.

Question 5

Distinguish among assets that would fall under the gift tax, estate tax and/or GST.