Tax Implications of Generation-Skipping Techniques - Planning to Minimize the Generation-Skipping Transfer (GST) Tax

Training Provided by Lorman Education Services nBy attending this teleconference, you will learn key elements of the GST tax rules, including the rules for automatic allocation of GST tax exemption. Benefits and differences between different types of basic GST tax planning techniques, including various lifetime planning and post-mortem planning along with the implications of leveraging GST tax planning with discounted assets will also be discussed. Insight into considerations for coordinating GST tax planning during life and at death, and nontax issues connected with GST tax planning, including asset protection and trust planning, will round out the teleconference.

Tax Implications of Generation-Skipping Techniques - Planning to Minimize the Generation-Skipping Transfer (GST) Tax Agenda

1. GST Tax Terminology Background Concepts and Review of Key Technical Points
1. Terminology and Definitions for GST Tax Selected Concepts for This Teleconference
2. EGGTRA 2001 The Automatic GST Tax Exemption Allocation Rules
2. GST Tax Planning Techniques and Case Studies
1. Lifetime GST Tax Planning
1. Outright Gifting
2. Direct Skip Trusts
a. GST Tax Annual Exclusion Trusts
b. Dynasty Trusts
3. Irrevocable Life Insurance Trusts
a. Liquidity Trusts
b. Dynasty Trusts
4. Intentionally Defective Irrevocable Trusts
a. Outright Gifts
b. Sales to IDGTs
c. Use of Discounting for Sales to IDGTs
1. Limited Partnership Interests
2. S Corp Stock Interests
2. GST Tax Planning at Death
1. Credit Shelter Trust Funding
2. Reverse QTIP Elections
3. Coordinating GST Tax Planning With Asset Protection and Other Considerations

About The Training Provider: Lorman Education Services

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