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2024 GST Tax Planning Techniques in Light of Increased Estate and Gift Tax Exclusions

Applicable Rules, Allocations, Formula Drafting, Key Challenges, and Mistakes to Avoid

A live 90-minute CLE/CPE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, April 2, 2024

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, March 8, 2024

or call 1-800-926-7926

This CLE/CPE course will provide estate planners guidance on key generation-skipping transfer (GST) tax planning techniques in light of increased estate and gift tax exclusions and other key provisions under current tax law. The panel will discuss applicable GST rules and utilizing those rules to the advantage of clients, allocations, formula drafting, and more. The panel will also discuss reporting requirements, computing the GST tax, key challenges, and avoiding mistakes.


A solid foundation in the GST tax regime of Section 2632 and following statutes is critical to successful multi-generational gift tax planning and compliance. Estate planners must grasp skip-person transferees and gifts that will trigger GST tax, allocations, and formula drafting.

Estate planners should utilize all available mechanisms, such as gifting, trusts, and other transfer methods. GST tax planning can assist in limiting or avoiding gift and estate taxes. Reducing the estate and gift tax exemption will impact taxpayers wishing to leave substantial amounts to grandchildren or trusts that will eventually pass to grandchildren.

The increases in gift and estate exclusions, effective January 2024, provide planning opportunities that must be considered. The exemption from the federal GST tax is currently equal and tied to the amount of the estate and gift tax exemption. Therefore, any increase in the estate and gift tax exemption will likewise increase the GST tax exemption. Section 2642 provides the framework for determining the taxable portion of any GST under GST tax.

Furthermore, special rules apply to inclusion ratios and applicable fraction formulas, depending on the type of trust receiving a GST. To avoid costly tax consequences, estate planning counsel and advisers need to be constantly aware of the impact of these rules on transfers subject to the GST rules.

Listen as our experienced panel provides a deep and practical guide to applicable GST rules and methods for utilizing those rules to the advantage of clients, allocations, formula drafting, and more.



  1. GST planning: impact of increased estate and gift exclusion
  2. IRC 2642 structure
  3. Calculation of inclusion ratio
  4. Planning implication of pre-transfer inclusion ratio and fraction calculations
  5. Utilizing GST tax planning under current tax law


The panel will review these and other important topics:

  • What are the key planning considerations in light of increased estate and gift exclusions?
  • How can GST tax planning assist clients under current tax law?
  • What is the interrelation between the inclusion ratio and an applicable fraction under Section 2642 and its regulations?
  • What are the special rules for trusts in calculating the inclusion ratio and imposition of GST tax?


Waldman, Amber
Amber Waldman

Senior Director

Ms. Waldman is an estate and gift senior director in RSM’s Washington National Tax practice. She spends most of...  |  Read More

Warley, Carol
Carol Warley


Ms. Warley has been a partner at a Big Four firm, owner of a certified public accounting practice, and now serves as...  |  Read More

Attend on April 2

Early Discount (through 03/08/24)

See NASBA details.

Cannot Attend April 2?

Early Discount (through 03/08/24)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video