[Verse 1] Grandpa wants to skip the middle man today Give his wealth to grandkids, dodge the tax ballet But Uncle Sam created GSTT To catch those sneaky transfers jumping family trees Skip persons are the target, two generations down Or unrelated folks who're younger than the crown [Chorus] Three ways to trigger, remember the dance Direct skips, distributions, terminations advance Exemption matches estate tax free Eleven million plus for dynasty spree Inclusion ratio tells the tale Zero means you'll never fail [Verse 2] Direct skips happen when you jump the line Grandpa to grandson, penalty's divine Taxable distributions from a trust so neat To skip persons make the tax complete Terminations end when older folks depart Leaving skip persons with the golden heart [Chorus] Three ways to trigger, remember the dance Direct skips, distributions, terminations advance Exemption matches estate tax free Eleven million plus for dynasty spree Inclusion ratio tells the tale Zero means you'll never fail [Bridge] Dynasty trusts can last forever more Allocate exemption, shield what's in store Inclusion ratio's the magic key Exempt amount divided by what trustees see Zero inclusion means no tax to pay Smart allocation saves the wealthy day [Outro] Generation-skipping's complex game But proper planning tames the flame Remember skip persons, three triggers bright Dynasty planning done just right
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