In prior articles, we've focused on the federal gift and estate taxes and the advisability of engaging in careful estate planning to minimize the need to pay these hefty transfer taxes, which are imposed at a 40 percent rate to the extent an individual's cumulative taxable wealth transfers exceed the $5.25 million exemption.
Trusts & Estates
The GST Tax: A Limit on Spoiling the Grandchildren
The Legal Intelligencer
October 4, 2013