In terms of the generation skipping transfer tax, comment on the following a A GSTT termination event and a GSTT distribution event look very similar b A direct skip can occur only in gift situations, not in testamentary situations c Spouses may be of different generations if there is enough dispar...

a In a termination event the trust dissolves and ceas ...

In terms of the generation-skipping transfer tax, comment on the following. a. A GSTT termination event and

Question:

In terms of the generation-skipping transfer tax, comment on the following.
a. A GSTT termination event and a GSTT event look very similar.
b. A direct skip can occur only in gift situations, not in testamentary situations.
c. Spouses may be of different generations if there is enough disparity in their ages.
d. How the election to split a gift by a married donor can help avoid the tax.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...