Leveraging the GST Exemption: An Alternative to Portability Planning
A Roadmap for Maximizing the Generation-Skipping Transfer Exemption
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE course will discuss the use of the generation-skipping transfer (GST) exemption as an alternative to portability planning. The program will look at the history of the GST exemption, the advent of portability in estate tax planning, and best practices for leveraging a client’s GST exemption.
Outline
- Overview of the GST exemption
- Advent of portability
- Drafting for use of the GST exemption
- Benefits of using GST trusts even when portability is an option
Benefits
The panel will review these and other key issues:
- Estate tax savings potential when incorporating GST planning
- Language for trusts to utilize GST exemption
- The automatic allocation rules
- How to opt-in (and out) on gift and estate tax returns
Faculty
Lauren A. Jenkins
Principal
Offit Kurman
Ms. Jenkins focuses her practice on tax and estate planning, trust and estate administration, and tax compliance.... | Read More
Ms. Jenkins focuses her practice on tax and estate planning, trust and estate administration, and tax compliance. She represents individuals and families with creating and implementing estate plans, including drafting wills, revocable trusts, and powers of attorney, as well as more advanced estate planning to preserve wealth for future generations. She advises clients who require both domestic and international components to their estate plans.
CloseGal N. Kaufman
Principal
Offit Kurman
Mr. Kaufman has nearly twenty years experience as a trusts and estates attorney, providing client services in the... | Read More
Mr. Kaufman has nearly twenty years experience as a trusts and estates attorney, providing client services in the areas of estate planning and estate and trust administration. His expertise covers the full range of traditional trusts and estates matters. Mr. Kaufman's legal expertise covers sophisticated tax analysis and planning, structured management arrangements for families, family businesses and family offices, and fiduciary and tax controversies.
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Bruce D. Steiner
Of Counsel
Kleinberg Kaplan Wolff & Cohen
Mr. Steiner has over 35 years of experience in the areas of taxation, estate planning, business succession planning and... | Read More
Mr. Steiner has over 35 years of experience in the areas of taxation, estate planning, business succession planning and estate and trust administration. He is a frequent lecturer at continuing education programs for bar associations, CPAs and other professionals. He also writes for, and has been quoted in numerous publications on trust, estate, probate, and tax matters. Mr. Steiner was named a New York Super Lawyer in 2010 through 2016. He is admitted to the New York, New Jersey and Florida bars.
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