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Everything You Always Wanted To Know About The Generation-Skipping Tax

Full Brochure

Length 1.6 Hours
Date 9/24/07

Table of Contents
63-Pages

 

New Page 2

This 1.6-hour September 24, 2007 presentation provides you with a clear, understandable explanation of the Federal Generation-Skipping (GST) Transfer Tax. Jon J. Gallo, Esq., a partner in the Los Angeles law firm of Greenberg Glusker Fields Claman & Machtinger LLP, discusses important provisions of the 2001 Tax Act, significant Final Regulations and other recent developments, which make this subject more important than ever.

Topics include:

ü Typical Irrevocable Trust

ü Typical Generation-Skipping Trust

ü Special Considerations

ü The Three Questions

• transferor

• transferee

• type of transfers

ü Skip Persons

ü Predeceased Ancestor Exception

ü Calculating And Paying The Tax

• exemption

• inclusion ratio

• raising the exemption

• how to allocate

ü GST Problems With Crummey Clauses

• lapses and releases

• avoid releases in irrevocable life insurance trusts

• how to solve

 

 

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