Generation-skipping transfer (GST) tax planning remains one of the most technically demanding areas of estate planning, where seemingly minor drafting or allocation errors can produce significant and unintended tax consequences. This CLE course examines current issues and common pitfalls in GST planning, with a practical focus on preserving GST tax benefits while avoiding costly mistakes.

The program will explore the strategic use of automatic and affirmative GST exemption allocations, retroactive allocations, and estate tax inclusion period (ETIP) issues. Participants will also examine available relief for missed allocations, the use of lifetime gifts with formula allocation provisions and qualified severances, and trust design strategies intended to minimize GST allocation risks while avoiding potential Internal Revenue Code Section 2036 concerns. In addition, the webinar will address GST planning considerations that arise when modifying or decanting existing trusts.

Designed for estate planning, tax, and trust attorneys, this program provides practical guidance for navigating complex GST rules, identifying planning opportunities, and avoiding common traps in sophisticated wealth transfer planning.