The Generation-Skipping Transfer (GST) Tax may become a concern for more estates if the estate tax exclusion amount is reduced. This program will cover the basics of Generation-Skipping Transfer (GST) tax. It will include analysis of when the GST tax applies to an estate, who is a Skip Person and who is not, which transfers are subject to the GST tax, the transferor move-down rule, how to make a reverse QTIP election and what it accomplishes, how the GST tax is calculated, and the ETIP rules.
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Sponsored by: Estate Planning Committee of the D.C. Bar Taxation Community Related Communities of Interest: D.C. Bar Estates, Trusts and Probate Law Community
Kathleen D. Adcock, Esq., LL.M., M.B.A., Kathleen Adcock Law