ProducersWeb:  “Beginning in January and through the end of December of 2010, there is no Generation Skipping Transfer (GST) Tax, unless Congress changes the law in the meantime. The GST tax was part of the temporary repeal (one year) of the estate tax, which automatically expires at the end of 2010. Starting January 1, 2011, the estate tax and the GST tax come back in full fury, with up to a 55 percent rate of tax. Your estate can suffer both an estate tax and a GST tax at 55 percent each.”