GST Planning

Estate tax planning is top of mind for planners representing high net worth individuals, but planning for the generation-skipping transfer (“GST”) tax should also be considered.  Many clients – and perhaps some attorneys – may mistakenly…

On March 29, 2021, Senator Sanders (Independent, VT) proposed a bill that, if enacted, would diminish substantially the effectiveness of the allocation of generation skipping transfer (GST) tax exemption to a trust that does not terminate…

With the estate, gift and GST exemption at nearly $11.5 million and scheduled to grow until 2026 when they will be cut in half, few advisers are focusing on wealth transfer tax planning for their clients.

In this Webinar, we will review the various ways in which property can be left to descendants and other non-spouse beneficiaries, including options for leaving property outright, in trust, and in supplemental needs trusts.

This webinar will examine the options available in all InterActive Legal practice systems to add powers of appointment and beneficiary withdrawal rights to trusts.

Effective January 1, 2013, a new tax, the so-called Medicare Tax on “passive” income, is imposed on individuals, estates and trusts, under new Section 1411 of the Internal Revenue Code. Especially, when coupled with the higher Federal…

It seems like an extraordinary event. The gift tax exemption has grown from $30,000 in 1976 to $1 million through the end of 2010 and to $5 million for 2011 and 2012. The GST and estate tax exemptions also grew to $5 million for 2010, 2011…

The tax act that President Obama signed into law on Friday, December 17, 2010, makes extraordinary changes to the Federal estate, gift and generation-skipping transfer (GST) tax provisions that otherwise would be effective this year and for…

We all know the impossible has happened: no estate tax, no generation-skipping transfer (GST) tax and no “step-up” in basis for those who die this year. Many thought and continue to think Congress will do what many of its most prominent…

2009 will represent a watershed year for estate planners and their clients due to the increase in estate and generation-skipping tax exemptions to $3,500,000.