Generation-Skipping Transfer Tax and Post-Mortem Planning: Tax Rules, Allocations, Formula Drafting, Key Challenges
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE course will provide estate planners guidance on key generation-skipping transfer (GST) tax planning techniques 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 pitfalls to avoid.
- GST transfer tax and allocations
- GST severance rules and late allocation rules
- IRC 2642 structure
- Calculation of inclusion ratio
- Planning implication of pre-transfer inclusion ratio and fraction calculations
- Trusts; preserving asset basis and other tax attributes
The panel will review these and other important topics:
- How can GST tax planning assist clients under current tax law and in anticipation of tax law changes?
- How do you spot trusts with an inclusion ratio greater than zero?
- What is the interrelation between the inclusion ratio and an applicable fraction under Section 2642 and its regulations?
- How can trust division or modifications be used to preserve asset basis?
Jennifer A. Mendel
Barnes & Thornburg
Ms. Mendel has spent the last 15 years honing her craft counseling high net worth families on complex trust, estate and... | Read More
Ms. Mendel has spent the last 15 years honing her craft counseling high net worth families on complex trust, estate and family office planning. She is a strong communicator who is skilled at listening to her clients – learning about their lives, business ventures and family needs – and helping them tailor a plan to achieve their goals.Close
Matthew E. Rappaport, Esq., LL.M.
Vice Managing Partner
Falcon Rappaport & Berkman
Mr. Rappaport counsels clients on technical and complex tax issues. He works closely with closely held business owners,... | Read More
Mr. Rappaport counsels clients on technical and complex tax issues. He works closely with closely held business owners, real estate investors/developers, and high net worth families. He advises clients on a wide array of issues including, generational wealth transfer, family business succession, tax structuring of mergers, acquisitions and reorganizations of business entities, windfall planning for major liquidity events, tax provisions of operating agreements, 1031 Exchanges, conversion of investment real estate, and audits hinging on the outcome of a highly technical issue.Close