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Wealth Management Glossary

General Power Of Appointment Generation-Skipping Tax Generation-Skipping Transfer Generation-Skipping Trust Gift Tax Annual Exclusion Ginnie Mae Government National Mortgage Association Grantor Growth Stock Guaranteed Income Contract (GIC) Guardian Guardian Ad Litem

Generation-Skipping Tax A tax imposed on any generation-skipping transfer at a flat rate computed with reference to the maximum federal estate rate applicable at the time of the transfer.

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