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Reporting GRATs, GRUTs, ILITs, and IDGTs on Form 709: GST Exemption Allocation Calculations and Strategies

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Thursday, November 14, 2019

Recorded event now available

or call 1-800-926-7926

This course will provide tax advisers with a thorough and comprehensive guide to the gift and generation skipping tax reporting challenges of allocating GST transfer taxes in circumstances involving the use of GRATs, IDGTs, ILITs, and similar trusts. Our nationally known speaker will discuss how to allocate exemption amounts, as well as other practical tools to minimize GST impact and avoid costly penalties.


Clients who have utilized planning vehicles such as IDGTs, GRATs, ILITs, or decanted trusts face complex considerations in preparing Form 709 Gift Tax Returns, especially in terms of allocating generation skipping transfer tax exemptions.

Any transfer of assets directly to a "skip person," or to a trust for the benefit of a skip person, triggers GST reporting and allocation requirements.

Transfers to trusts involving skip persons require the tax adviser to calculate the exemption allocations for GST purposes on Form 709. Advisers must have a thorough grasp of the rules governing automatic allocations, "ETIP allocations," and timely vs. late allocations, as well as the calculation methodologies for dealing with more sophisticated trusts.

Listen as our experienced speaker provides practical guidance on calculating and reporting required allocations, as well as planning opportunities to reduce GST tax impact on IDGTs, GRATs, ILITs, and meeting adequate disclosure requirements. Learn how to navigate the overly technical GST regulations to achieve optimal results for your clients.



  1. Identifying taxable transfers to skip persons subject to GST reporting in trust documents
  2. GRAT and Crummey Trust exemption allocation and reporting
  3. IDGT seed gift and sale basics and reporting
  4. ETIP rules and GST exemption allocation calculations
  5. The adequate disclosure rules


Our speaker will discuss these and other relevant topics:

  • Opting out of the automatic allocation of GST exemptions--when and how
  • Reporting indirect skips
  • Late allocations of GST exemptions
  • Calculating the inclusion ratio
  • Avoiding ETIP traps


Horwin, Marjorie
Marjorie A. Horwin, CPA

Principal-in-Charge, Private Wealth Services Group
MBAF, Certified Public Accountants and Advisors

Ms. Horwin has practiced in the area of income, estate, trust, and exempt organization tax planning and compliance for...  |  Read More

Moullé, Nolan
Nolan A. Moullé, III

Senior Vice President | Senior Wealth Advisor
The Northern Trust Company

Mr. Moulle provides insight and guidance on wealth planning and tax issues of interest to clients, their businesses,...  |  Read More

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CPE credit is not available on downloads.