Which of the following statements concerning the generation-skipping transfer tax (GSTT) is (are) correct?

Which of the following statements concerning the generation-skipping transfer tax (GSTT) is (are) correct?

I. An annual exclusion against GSTT will shelter gifts by a grandparent to a trust benefiting multiple grandchildren.

II. Tuition payments made directly by a grandparent to a university for a grandchild’s education are exempt from GSTT.
A . l only
B . II only
C . Both land ll
D . Neither I nor II

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Answer: B