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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Law

Date & Time
  • event Date

    Thursday, November 6, 2025

  • schedule Time

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

  • timer Program Length

    90 minutes

Credit Information

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

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).


  • Live Online


    On Demand

$347.00

This course is $0 with these passes:

CLE
CPE
ALL

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.

Faculty

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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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.

Outline

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

Benefits

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?


NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify key GST planning considerations under current tax law
  • Understand how GST tax planning assists clients under current tax law
  • Recognize the interrelation between inclusion ratio and an applicable fraction under Section 2642 and its regulations
  • Understand the special rules for CLATs and other types of trusts in calculating the inclusion ratio and imposition of GST tax


  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience at mid-level within the organization preparing moderate-to-complex tax forms and schedules. Specific knowledge of estate tax rules and reporting; basic familiarity with gift tax concepts, exemption calculations, generation skipping taxes and portability of spousal lifetime exclusions.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).