What does the generation skipping tax do?
A) It imposed additional tax on gifts and bequests that are made from grandparent to grandchild.
B) It allows grandparents to skip paying taxes on funds gifted to grandchildren.
C) It encourages parents to skip leaving funds to their own children and to plan on leaving their estate to their grandchildren.
D) All of the above
E) None of the above
Answer: A
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