Content Provider
Hutchins logo
Handout Materials
Presentation Slides
Additional Materials
Webinar Technical FAQs
Free cpece webinars
Generation-Skipping Transfer Tax: Strategies to Navigate Issues and Pitfalls

GENERATION-SKIPPING TRANSFER TAX: STRATEGIES TO NAVIGATE ISSUES AND PITFALLS

Cost Free
Presentation Length 1.5 hours

Recorded DateAugust 29, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelIntermediate
Series: Estate Planning
Course Description

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:


  • Identify key parties to a trust that affect the Generation-Skipping Transfer (GST) tax at a basic and intermediate level

  • Recognize common GST tax events that are applicable to a trust and reporting requirements for these GST tax events

  • List factors affecting exemption or reduction of GST tax within a trust

  • Evaluate the effect of certain transactions, transfers, and tax reporting events on the GST tax within a trust

  • List strategies for mitigating GST tax in trusts that are not fully exempt from this tax

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin
Hutchins logo

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).

About Our Presenter

Hutchins logo
Hutchins & Associates specializes in estate planning and related legal services. Founded in 1974, it has dedicated itself to forging lasting relationships with generations of clients. The firm represents a wide variety of clients including farmers and ranchers, renowned authors, Fortune 500 executives, business owners, celebrities, professional athletes and coaches, and members of the judiciary. The firm focuses on wealth transfer planning, complex estate, gift and generation-skipping tax planning, estate and trust administration, probate litigation, income taxation, administration of conservatorships and guardianships, formation of business entities, and the organization and administration of nonprofit organizations and private foundations.