GST Lifetime Exemption

Apr 27, 2006 0 Replies

I have a question about the Generation Skipping Transfer Lifetime Exemption. As I understand it, the current Exemption is $1.5M but at various times in the past it was various lower amounts. If in the past if a person used up a lower limit than the current $1.5M, can they now use up to the current limit or are they out of luck? Thanks for any comments.


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