Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) Every grantor is entitled to a $5.25 million exemption from the GSTT in 2011.
B) If Greg transfers assets directly to his grandson, this transaction would be an example of a direct skip.
C) The GSTT is levied at a flat rate, which is higher than the top rate under the estate tax rate schedule.
D) If Shaad transfers property in trust to his son, with the remainder to his grandson, at the death of the son a taxable termination will result.