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Generation-Skipping Transfer Tax

Financial Planning

A federal tax on transfers that skip a generation, such as gifts from grandparents directly to grandchildren above the lifetime exemption.

The generation-skipping transfer tax (GSTT) is a federal tax on transfers to anyone two or more generations below the donor. Without it, wealthy families could avoid a layer of estate tax by leaving assets directly to grandchildren.

How the GSTT Works

The tax rate is a flat 40%, applied on top of any gift or estate tax. It can hit three types of transfers: direct skips (gifts straight to a skip person), taxable distributions from a trust to a skip person, and taxable terminations when an interest in trust ends.

The GST Exemption

Each person has a lifetime GST exemption matching the federal estate tax exemption (over $13 million per person in 2026). Married couples can shelter twice that amount. Dynasty trusts allocate exemption at funding so the entire trust grows GST-free for generations. Most Arizona families never trigger the tax, but high-net-worth planning must account for it carefully.

Arizona Drafting Backdrop

Arizona drafting must align with the scope rules in A.R.S. 14-2701 so the GST allocation is honored across generations.

For the full Arizona walkthrough of GST tax, exemption allocation, dynasty trusts, and the federal estate and gift tax framework, read our pillar guide: Estate, Gift & GST Tax in Arizona: The Complete Guide.

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