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Basics of Generation-Skipping Transfer Tax: Identifying Skip Persons and GST Transfers

A live 110-minute CPE webinar with interactive Q&A

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Wednesday, October 8, 2025

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, September 12, 2025

or call 1-800-926-7926
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This webinar will cover the fundamentals of generation-skipping transfer taxes (GSTT) for trust and estate professionals. Richard Ploss, a notable trust and estate attorney specializing in estate planning for high-net-worth individuals, will discuss identifying skip persons, outline defining GSTT transfers, and explain the necessity of planning for this often misunderstood tax.

Description

GSTT may be the most challenging concept for practitioners to grasp in trust and estate planning. Decisions made today can impact both current and future generational wealth transfers and taxes paid.

Transfers from one generation to the next are treated differently from those that skip a generation. A gift from a parent to a child, for example, is treated differently from a gift from a grandparent to a grandchild. Simply put, the latter skips a generation, and the grandchild is considered a skip person. The purpose of GSTT is to prevent the avoidance of estate tax by passing assets from one generation to a generation two or more below the transferor.

A generation-skipping tax exemption exists, $13.99 million for 2025. Lifetime transfers below this threshold are exempt from GSTT. Additionally, there is an annual exclusion, $19,000 for 2025, for GSTT. Although these amounts are currently the same as those for estate and gift tax, the amounts utilized for GSTT can differ from those used for estate and gift tax purposes. Trust and estate advisers need to understand the fundamentals of GSTT to minimize the tax burden on wealth transfers.

Listen as our panelist breaks down the basics of GSTT for high-net-worth individuals and their advisers.

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Outline

  1. GSTT: background
  2. Definitions
  3. GSTT exemption
  4. Interplay with gift and estate tax
  5. Automatic allocations
  6. Best practices

Benefits

The panelist will cover these and other critical issues:

  • Determining when gifts and asset transfers are considered generation-skipping transfers
  • Identifying skip persons
  • Applying and calculating the GSTT and use of the relative exemption
  • Best practices for wealth transfers that may skip a generation

Faculty

Ploss, I. Richard
I. Richard Ploss
Counsel
Porzio, Bromberg & Newman

Mr. Ploss is a member of the firm's Trusts and Estates Department. He concentrates his practice primarily on...  |  Read More

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Early Discount (through 09/12/25)

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

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Early Discount (through 09/12/25)

CPE credit is not available on downloads.

CPE On-Demand

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