With record-high exemptions, the Generation-Skipping Transfer (GST) tax is often an afterthought, especially because this tax can be avoided or significantly deferred through dynasty trust planning. However, many older trusts, which were created before the enactment of the GST tax or with a much lower GST tax exemption, are now reaching the point of termination or division at the death of a first-generation beneficiary. These outcomes can create challenges in analyzing the application or grandfathering of the deferred or avoided GST tax.
This presentation will discuss common issues and blind spots that can occur when assisting trustees or beneficiaries with GST tax issues relating to older trusts.
Learning Objectives:
Hutchins & Associates LLC
Of Counsel
[email protected]
(303) 893-6500
Griffin Bridgers, J.D., LL.M., is Of Counsel to the law firm of Hutchins & Associates in Denver, Colorado, and outside of the practice of law serves as a consultant for independent wealth advisors and CPAs on estate planning and transfer taxes. Griffin educates peers in all wealth transfer industries through his newsletter, State of Estates (https://griffinbridgers.substack.com), and his YouTube channel (https://youtube.com/@griffinbridgers).