CHAPTER 6: THE GENERATION SKIPPING TRANSFER TAX
§ 6.1 Introduction to GSTT
§ 6.2 Definitions
§ 6.2.1 Transferor
§ 6.2.2 Skip Person
§ 6.2.3 Direct Skips
§ 6.2.4 Taxable Terminations
§ 6.2.5 Taxable Distributions
§ 6.3 Identifying the Transferor
§ 6.3.1 Original Transferor
§ 6.3.2 Change in Transferors
§ 6.4 Generation Skipping Transfer
§ 6.4.1 Generation Assignment
§ 6.4.2 Predeceased Parent Exception
§ 6.4.3 Marital Relationship
§ 6.4.4 Transferees Who Are Not Lineal Descendants
§ 6.5 Exemptions and Exclusions
§ 6.5.1 The GSTT Exemption
§ 6.5.2 The GSTT Annual Exclusion
§ 6.5.3 Exclusion for Transfers for Educational or Medical Expenses
§ 6.6 Calculation of the GSTT
§ 6.6.1 Taxable Amount
§ 6.6.2 Applicable Fraction
§ 6.6.3 Inclusion Ratio
§ 6.6.4 Applicable Rate
§ 6.6.5 The GST Tax
§ 6.6.6 Direct Skips
§ 6.6.7 Taxable Terminations
§ 6.6.8 Taxable Distributions
§ 6.7 Liability for the Tax
§ 6.8 Grandfathering of Old Trusts
§ 6.9 Planning for the GSTT
§ 6.9.1 Allocating the GSTT Exemption
§ 6.9.2 Lifetime Transfers
§ 6.9.3 Testamentary Transfers
§ 6.9.4 Efficient Use of the Exemption
CHAPTER 7: THE FEDERAL ESTATE TAX§ 7.1 Introduction
§ 7.2 Property Subject to Estate Tax
§ 7.3 Payment of Estate Tax
§ 7.4 Unlimited Marital Deduction
§ 7.5 Unified Estate and Gift Taxes
