Generation Skipping Transfer Tax: Practical Estate Planning Techniques (OnDemand Webinar)

$199.00

SKU: 406426EAU

Description

Understand the benefits and implications of the generationskipping transfer tax so you can effectively advise your clients.Many clients and tax practitioners fail to fully comprehend the generationskipping transfer tax implications in their estate and family wealth transfer planning. However, the generationskipping transfer tax is always present and in many ways may be an unintended tax imposed on the taxpayer. This topic will allow estate planning and tax advisors to spot the generationskipping transfer tax issues, to understand the taxable events that will trigger a generationskipping transfer tax, and introduce techniques used to avoid or mitigate the generationskipping transfer tax. This important topic will also provide the advisors the tools and information necessary to navigate through the various generationskipping transfer tax laws and avoid the unintended tax implications for their clients. For many clients the goal will be to avoid the generationskipping tax altogether and this knowledge will help you advise your clients accordingly.

Date: 2019-10-28 Start Time: End Time:

Learning Objectives

Fundamental Concepts Relating to Generation-Skipping Transfer Tax
• Definitions
• Taxable Events
• Exemptions/Exclusions

Generation-Skipping Transfer Tax • Two Kinds of Tax
• Tax Exclusive vs. Tax Inclusive
• Gift Tax vs. Estate Tax Model
• Comparative Costs
• Effective Maximum Tax Rate

Recent Developments
• Predeceased Parent Exception
• Generation-Skipping Transfer Tax Changes
• Estate Tax Inclusion Period (ETIP)
• No Portability of Generation-Skipping Transfer Tax Exemption

Estate Planning Techniques
• Standard Testamentary Use of GST Exemption
• Guaranteeing Use of Less Wealthy Spouse’s GST Exemption
• Inter-Vivos Dynasty Trust/Perpetual Trust
• Section 2642(c) Trust
• Leverage of the GST Exemption
• Planning for Clients With Less Than $5 Million in Assets

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Jennifer A. Pratt-Venable LLP