[Verse 1] When grandpa wants to give to grandchild dear But skip the middle generation here The government steps in with a special tax To close this loophole, fill the revenue cracks Skip persons are the key to understand Grandchildren, great-grands, not in the middle band [Chorus] GSTT, Generation-Skipping Transfer Tax Direct skips, distributions, terminations are the facts Same exemption as estate and gift combined Allocation and inclusion ratio intertwined Dynasty trusts can leverage what you've got GSTT planning, forget it not [Verse 2] Direct skip happens when you give straight through From grandparent to grandchild, skipping two Taxable distributions from a trust that pays To skip persons in those generous ways Taxable terminations when interests end And skip persons are next to receive and spend [Chorus] GSTT, Generation-Skipping Transfer Tax Direct skips, distributions, terminations are the facts Same exemption as estate and gift combined Allocation and inclusion ratio intertwined Dynasty trusts can leverage what you've got GSTT planning, forget it not [Bridge] Twelve point nine million is your shield today Same as estate and gift exemption's way Allocate it wisely to your trusts with care Inclusion ratio shows how much is there Zero means exempt, one means fully taxed Dynasty trusts keep wealth intact [Verse 3] Dynasty trusts can last for generations long With GST exemption allocated strong Include non-skip persons as beneficiaries too To minimize the tax that's coming due Plan ahead, allocate, and make it last Wealth preservation, unsurpassed [Chorus] GSTT, Generation-Skipping Transfer Tax Direct skips, distributions, terminations are the facts Same exemption as estate and gift combined Allocation and inclusion ratio intertwined Dynasty trusts can leverage what you've got GSTT planning, forget it not [Outro] Skip the generations, pay the price Unless you plan and think twice GSTT keeps wealth in line Generation-skipping by design
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