Gifting to Grandchildren in 2010

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The generation skipping transfer (GS) tax is repealed in 2010 along with the estate tax. This creates special issues for gifts made to grandchildren this year.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Constance D. Smith, Fairfield and Woods, P.C. | Attorney Advertising

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