Andersen Global
06 January 2023
Multigenerational Wealth Planning in a Down Market: Opportunity Awaits for Those Who Have Yet to Make a GST Allocation
A depressed market like in 2022 and possibly 2023 represents an opportunity to make late allocations of generation-skipping transfer (GST) tax exemption to prior years' gifts. This opportunity arises when an asset's value has declined since the actual date of the gift and can result in significant transfer tax savings.