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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 Preparer

Date & Time
  • event Date

    Wednesday, October 8, 2025

  • schedule Time

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

  • timer Program Length

    110 minutes

Credit Information

  • 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).

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$147.00
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CPE
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This webinar will cover the fundamentals of generation-skipping transfer taxes (GSTT) for trust and estate professionals. Richard Ploss, a notable trust and estate attorney specializing in estate planning for high-net-worth individuals, will discuss identifying skip persons, outline defining GSTT transfers, and explain the necessity of planning for this often misunderstood tax.

Faculty

I. 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

GSTT may be the most challenging concept for practitioners to grasp in trust and estate planning. Decisions made today can impact both current and future generational wealth transfers and taxes paid.

Transfers from one generation to the next are treated differently from those that skip a generation. A gift from a parent to a child, for example, is treated differently from a gift from a grandparent to a grandchild. Simply put, the latter skips a generation, and the grandchild is considered a skip person. The purpose of GSTT is to prevent the avoidance of estate tax by passing assets from one generation to a generation two or more below the transferor.

A generation-skipping tax exemption exists, $13.99 million for 2025. Lifetime transfers below this threshold are exempt from GSTT. Additionally, there is an annual exclusion, $19,000 for 2025, for GSTT. Although these amounts are currently the same as those for estate and gift tax, the amounts utilized for GSTT can differ from those used for estate and gift tax purposes. Trust and estate advisers need to understand the fundamentals of GSTT to minimize the tax burden on wealth transfers.

Listen as our panelist breaks down the basics of GSTT for high-net-worth individuals and their advisers.

Outline

I. GSTT: background

II. Definitions

III. GSTT exemption

IV. Interplay with gift and estate tax

V. Automatic allocations

VI. Best practices

Benefits

The panelist will cover these and other critical issues:

  • Determining when gifts and asset transfers are considered generation-skipping transfers
  • Identifying skip persons
  • Applying and calculating the GSTT and use of the relative exemption
  • Best practices for wealth transfers that may skip a generation

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify skip persons
  • Determine which transfers are subject to GSTT
  • Decide how GSTT impacts generational wealth preservation
  • Ascertain the importance of current planning for GSTT

  • 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 preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.


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).