What You Need to Know About the Generation Skipping Transfer Tax Out of Stock
$75.00
$75.00
$75.00
Product Details
About the Seminar
With the Generation-Skipping Transfer (GST) tax exemption at $5.25 million and indexed for inflation, interesting planning opportunities abound for clients, particularly married clients who can pass substantial wealth to their grandchildren and possibly subsequent generations. In particular, married clients can pass $10.5 million estate-tax free to a GST trust, providing for their children (in trust) during the children's lifetimes and then to their grandchildren, preserving significant wealth through the generations. This seminar, by G.P. Diminich, focuses on the impact of portability on GST planning, as well as the mechanics of GST planning. Specifically, the presentation analyzes the technical requirements of the GST tax, definitions and general rules, generation assignment, exceptions and exclusions, allocation of the GST exemption, automatic allocation of the GST exemption, severances, and reverse QTIP elections, among other issues.
This seminar qualifies for 1.0 MCLE credit hour, including 1.0 Estate Planning and Probate Law Specialization credit, and 1.0 Taxation Specialization credit.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2025, please use this course code: 250769ADO.
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The South Carolina Bar is an accredited CLE provider in South Carolina only. Attorneys are responsible for seeking their own credit in other jurisdictions.
Disclaimer: The views expressed in CLE programs and publications do not necessarily reflect the opinions of the South Carolina Bar, its sections, or committees. The South Carolina Bar believes that all Bar members have the right to both meaningful learning and to the exchange of ideas in a civil environment. The Bar reserves the right to remove or exclude any person from a Bar event if that person is causing inappropriate disturbance, behaving in a manner inconsistent with accepted standards of decorum, or in any way preventing fellow Bar members from meaningful participation and learning.