American College Exam HS330 Topic 1 Question 53 Discussion

Actual exam question for American College's HS330 exam

Question #: 53
Topic #: 1

All the following transfers are subject to the generation-skipping transfer tax (GSTT) EXCEPT:

AA direct cash gift of $50,000 from a grandparent to his grandchild if such grandchild's parents are still alive.

BA direct cash payment of $28,000 from a grandparent to a private prep school to cover the tuition costs for her grandchild.

CA distribution to a grandchild from a sprinkle trust created by a grandparent to benefit both skip and non-skip beneficiaries.

DA termination of a trust at the death of the non skip life income beneficiary with the remainder distributed solely to skip persons.

Show Suggested Answer

Suggested Answer: B

by Lindsey at Jun 15, 2022, 01:00 AM

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