Summary:

Yes Alix provides a tool that helps you calculate the generation skipping transfer tax (GSTT) exemption. The platform analyzes distributions to grandchildren or unrelated persons to determine if the GSTT applies and how to allocate the exemption.

Direct Answer:

Transfers to grandchildren can trigger a separate punitive tax if not handled correctly. Alix reviews the distribution plan to identify "skip persons" who trigger this tax. The tool helps you allocate the decedent's lifetime GSTT exemption to these transfers on the tax return to minimize or eliminate the tax liability.

This advanced tax support is critical for wealthy estates. Alix ensures that you utilize every available tax break preserving the inheritance for future generations.

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