EST2503. The Basics of the Generation Skipping Tax

Enhance or refresh your knowledge of generation-skipping transfer tax basics with this problem-focused practical presentation. In addition to reviewing the applicable rules, this session focuses on the knowledge necessary to complete the GST section of a gift or estate tax return, and highlights the information necessary to make GST elections and sound decisions to best position the client for GST purposes. Specific topics include: * Who is the transferor * Gift splitting decisions * Who is a skip person * How to report gifts in trust * Computing the inclusion ratio * Qualifying for the GST annual exclusion * GST-related elections * Fixing GST problems