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CFP® Practice Question of the Week – Transfer Tax

Assuming no deaths in the intervening generations, which of the following is a skip person to Bill for the purpose of generation-skipping transfer taxes if Bill is currently 44 years old?

  • A – Bill’s 4-year-old neighbor
  • B – Bill’s 4-year-old nephew
  • C – Bill’s 40-year-old work colleague
  • D – Bill’s 8-year-old granddaughter by a previous marriage

Possible Answers:

  • 1. A and B
  • 2. B and D
  • 3. A, B, and D
  • 4. A and D