Welcome | Log In
Glossary of Terms beginning with G
- Generation-Skipping Transfer Tax
Imposes a tax on both outright gifts and transfers in trust to or for the benefit of persons two or more generations younger than the donor, such as grandchildren. This is a confiscatory tax intended to not allow family dynasties.
- Gift Tax
Synonym of “Federal Gift Tax” - The tax imposed on the transfer of property during the lifetime of the donor. This tax is typically paid by the donor.
- Gifts In Kind
Non-monetary items that your charity is able to put directly to use for its charitable purposes such as: blankets for a homeless shelter, computers to a school. Items that may be used and outdated but still serviceable, are likely valued at less than their original purchase price.
The creator of a trust or other legal instrument. One who makes a gift.
- Gross Estate
Generally, all property owned by an individual at the time he or she dies.
- Gross Income
Everything earned or received as income during the year.
- Growth Stock
Shares in a company whose earnings are expected to grow at an above-average rate relative to the market.
Also known as a "glamor stock".
A growth stock usually does not pay a dividend, as the company would prefer to reinvest retained earnings in capital projects. Most tech companies are growth stock. Growth company’s stock is often overvalued.
A person appointed or approved by the court to look after the personal interest of another person.