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About the Teleseminar
The Generation Skipping Transfer Tax (GSTT) imposes a tax on property transfers among generations of a family and is intended to prevent tax reduction when a senior generation skips transfers to their children in favor of grandchildren. The tax is one of the most complex elements of estate planning, involving skip and “non-skip” persons, generation assignments, identifying which events are taxable and which are not. Planning has been further complicated with the recent revision of the federal estate and gift tax regime, including expiration of the GSTT safe harbor. Still, there are sophisticated planning techniques using dynasty and “HEET” trusts to reduce the incidence of the tax. This program will provide you with a framework for understanding and planning with the GSTT, including use of dynasty and HEET trusts, and compliance trips and traps.
- Framework of the GST – skip v. non-skip persons, taxable events, generation assignments, inclusion ratio
- Exemption planning for maximum tax and financial benefit
- Sophisticated planning techniques using dynasty trusts and HEET trusts
- Relationship of GST regime to new estate and gift tax law
- Pitfalls of reporting on Form 709
About the Speakers
Blanche Lark Christerson is a managing director at Deutsche Bank Private Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies. Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company. She also practiced law with Weil, Gotshal & Manges in New York City. Ms. Christerson is the author of the monthly newsletter “Tax Topics." She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.
Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families. A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine. Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to1.0 Estate Planning & Probate Law Specialty Credit Hour and including up to 1.0 Taxation Law Specialty Credit Hour. (Tentative)