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National Law Foundation Estates, Gifts, Trusts & Tax Materials Books, Audio CDs, DVDs, and FORMS |
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Everything You Always Wanted To Know About The Generation-Skipping Tax
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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