. Ambassador Program

- 2025 MSCPA Annual Convention

2025 Marketing Guide

The Generation-Skipping Transfer Tax and Dynasty Trusts 25-26

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Wednesday, August 20, 2025 @ 10:00am – 1:30pm
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Description

Transfer taxes, such as the estate and gift tax, create a drag on the accumulation of wealth over a family's generations. The government promulgated the generation-skipping transfer (GST) tax to discourage avoidance of the estate and gift tax by families. Randy Gardner explores: GST tax terminology, how the GST tax is calculated, ways to avoid the GST tax, and how to design a dynasty trust to pass property from generation to generation.

Prerequisites

An understanding of estate and gift tax principles

Highlights

  • Calculation of the GST tax, and how it relates to the estate tax and gift tax
  • Direct skips, taxable distributions, and taxable terminations
  • GST tax allocations, Reverse QTIP election, and Exempt and Nonexempt Trusts
  • Calculating the benefit of and designing Dynasty Trusts

Objectives

  • Determine how the GST tax is calculated and how it relates to the estate and gift tax
  • Recognize language in estate planning documents that warrants allocation of the GST tax exemption and making the Reverse QTIP election
  • Identify opportunities to establish Dynasty Trusts to possibly avoid transfer taxes for generations to come

Preparation

None

Credits

Category Amount
Taxation 4.00