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Posted by Vic Dura on April 27, 2006, 12:09 am
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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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