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  • videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Tax Law
  • schedule 90 minutes

Advanced Generation-Skipping Transfer Tax Planning Strategies for Tax Professionals

$347.00

This course is $0 with these passes:

CLE
ALL
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About the Course

Introduction

This CLE/CPE course will provide tax counsel and advisers with a comprehensive and practical guide to generation-skipping transfer (GST) tax planning strategies under current tax law. The panel will discuss applicable GST rules and utilizing those rules to the advantage of clients, allocations, formula drafting, and more. The panel will also outline the available elections and exemption provisions to minimize GST impact and avoid costly penalties.

Description

A solid foundation in the GST tax regime of Section 2632 and following statutes is critical to successful multi-generational gift tax planning and compliance. Estate planners must grasp skip-person transferees and gifts that will trigger GST tax, the "inclusion ratio" rules to calculate the tax cost of GSTs, and formula drafting.

GST tax planning can assist in limiting or avoiding gift and estate taxes. Reducing the estate and gift tax exemption will impact taxpayers wishing to leave substantial amounts to grandchildren or trusts that will eventually pass to grandchildren.

Special rules apply to inclusion ratios and applicable fraction formulas depending on the type of trust receiving a GST. To avoid costly tax consequences, tax counsel and advisers need to be constantly aware of the impact of these rules on transfers subject to the GST rules.

Listen as our experienced panel provides an in-depth guide to applicable GST rules and advanced methods for utilizing those rules to the advantage of clients, allocations, formula drafting, and more.

Presented By

Richard Ploss
Counsel
Porzio Bromberg & Newman P.C.

Mr. Ploss is a member of the firm's Trusts and Estates Department. He concentrates his practice primarily on estate planning for high net worth individuals and their businesses, estate administration, probate litigation and fiduciary income taxation in New Jersey and throughout the East Coast.  He has extensive experience advising individual clients in the areas of wealth transfer planning and the preparation of estate planning documents. He is a Certified Public Accountant (CPA) in the state of Georgia, a Certified Financial Planner (CFP) and a Professional Registered Trust and Estate Practitioner.  He frequently publishes articles and speaks on trust and estate matters and currently serves as an Adjunct Professor, teaching Trusts & Estates at the University of Maine Law School.  

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, November 6, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. GST transfer tax and allocations

II. GST severance rules and late allocation rules

III. IRC 2642 structure

IV. Calculation of inclusion ratio

V. Planning implications of pre-transfer inclusion ratio and fraction calculations

VI. Trusts; preserving asset basis and other tax attributes

The panel will review these and other important topics:

  • How can GST tax planning assist clients under current tax law and in anticipation of tax law changes?
  • How do you spot trusts with an inclusion ratio greater than zero?
  • What is the interrelation between the inclusion ratio and an applicable fraction under Section 2642 and its regulations?
  • How can trust division or modifications be used to preserve asset basis?