Estate & Gift Tax
2001 Changes

Gifts to Spouses Who Are Not U.S. Citizens

The annual exclusion for gifts made to spouses who are not U.S. citizens is $106,000.

Increase in Generation Skipping Transfer (GST) Exemption

The generation-skipping transfer (GST) lifetime exemption increased by $30,000 to $1,060,000. The annual increase can only be allocated to transfers made during or after the year of the increase.

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