Virtual
The Generation-Skipping Transfer Tax and Dynasty Trusts 2024
Date: Jan. 13, 2025
Time: 8 – 11:30 a.m. PT
Overview
Transfer taxes, such as the estate and gift tax, create a drag on the accumulation of wealth over a family's generations. The government promulgated the generation-skipping transfer (GST) tax to discourage avoidance of the estate and gift tax by families. Randy Gardner explores: GST tax terminology, how the GST tax is calculated, ways to avoid the GST tax, and how to design a dynasty trust to pass property from generation to generation.
Product Code
1000002679-124859
Credit Type
CPE: 4CFP: 4CPE-Technical: 4IRS-TX: 4MCLE: 3MCLE LS-EP: 3MCLE LS-TX: 3Intended Audience
CPAs, attorneys, bankers, financial professionals, insurance professionals, enrolled agents and professional staff.
NASBA Field of Study
Taxes
Level of Difficulty
Overview
Prerequisites
An understanding of estate and gift tax principles
Advance Preparation
None
Learning Objectives
Major Subjects
- Calculation of the GST tax, and how it relates to the estate tax and gift tax
- Direct skips, taxable distributions, and taxable terminations
- GST tax allocations, Reverse QTIP election, and Exempt and Nonexempt Trusts
- Calculating the benefit of and designing Dynasty Trusts
Other Dates
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.