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EST2107 - EST2107. Utilizing GST Rules to Maximum Advantage for Your Clients: Basic GST allocations to “inclusion ratios” to novel and powerful strategies

Jul 26, 2021 3:00pm ‐ Jul 26, 2021 4:15pm

Standard: $49.00


With the current, high estate tax exemption, many practitioners believe “generation skipping” tax planning (keeping inherited assets out of the taxable estates of children) is no longer needed for most clients, just for very large estates. However, the estate tax exemption could be frozen or even reduced after the 2020 election. Even if this doesn’t happen, many married couples will likely underutilize the “generation skipping tax” (“GST”) exemption because it isn’t subject to portability. And keep in mind that inherited estates may grow during a child’s lifetime because, even in moderate-sized parental estates, trusts are often being set up for children, e.g., asset protection, divorce, blood-line distribution control or income tax reasons.

The reality is, because of changes in the tax code, GST planning is appropriate in lots of estates when it wouldn’t have been not too long ago. But, this raises an important question: are you up to speed on the complicated GST rules and can you properly apply them?

Join Bob Keebler to learn how to utilize the GST rules to maximum advantage for your clients. Here are just a few of the topics Bob will cover in this content-packed session:

· Who are “skip persons” versus “non-skip persons”
· What are “direct skips” versus “indirect skips”
· The difference between the annual GST exclusion and life GST exemption amounts?
· The automatic allocation rules?
· When do you allocate the lifetime GST exemption amount to “indirect skips”?
· How does late allocation of the lifetime GST exemption amount work?
· How do you calculate the “inclusion ratio”?
· How to split trusts into GST and non-GST shares via “qualified severance”?

Learning Objectives:
  • Learn how to utilize the GST rules to maximum advantage for your clients
  • Learn how to use various techniques to maximize the benefits to your clients


  • Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, Partner, Keebler and Associates, LLP

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