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Skipping Ahead Without Tripping: Hot Issues in GST Planning

SKU: EPP2500
General Credits
1
Price$50
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Description

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.

Lecturer Bios

Nathan R. Brown, Esq.

Nathan Brown focuses his practice on counseling individuals, families and business owners in the development and implementation of estate planning strategies designed to maximize and protect the transfer of wealth to future generations. Nathan also acts as a senior adviser and “general counsel” to many family offices, coordinating a wide array of legal services.

In addition to advising clients on tax planning strategies, Nathan works closely with multi-generational families to design and implement business succession plans and family governance structures (such as private trust companies and family offices).

Nathan speaks frequently across the country on many estate planning topics and has published articles in The Florida Tax Review, The Tax Lawyer, The Florida Bar Journal, Probate & Property Magazine (American Bar Association), Estates, Gifts and Trusts Journal (Tax Management) and Trust & Estates, Taxes – The Tax Magazine and Estate Planning. Nathan focuses many of his speeches and articles on family office and private trust company structuring and planning with carried interest for investment fund principals. In law school, Nathan served as an extern for the Honorable Kermit V. Lipez of the First Circuit Court of Appeals.

Carol A. Harrington, Esq.

Carol A. Harrington advises clients on a variety of matters, including estate, gift and generation-skipping tax issues, closely held businesses and succession planning, family office structures and issues, private trust companies, private foundations, trust and estate administration, and contested trust and tax matters. Carol is Senior Counsel at McDermott, Will & Schulte and the former global head of McDermott’s Private Client Practice.

As a national authority on the federal generation-skipping tax, Carol has advised attorneys, tax professionals, executors, trustees and other nationwide on this issue. She is co-author of a tax treatise, Generation-Skipping Transfer Tax (Harrington, Kwon & Zaritsky), the co-author of the BNA Tax Management Portfolio, Generation-Skipping Transfer Tax, and has published many articles on the federal generation-skipping tax. Carol speaks frequently before professional and industry groups on tax, estate planning and succession issues.

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