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Generation-Skipping Transfer Tax

Describes the transfer categories and how they are explained to clients and applied. Explains how allocations are used in GST tax exemptions and timely allocations and tax returns and the possible difficulties of making late allocations of filings. Explains the automatic allocation rules with respect to property transfers. Describes the concepts used in calculating the tax. Discusses differences between GST tax on taxable terminations, taxable distributions, and direct skips, and describes the treatment of effective date rules for trusts.

Updated: January 2018
Re-versioned: June 2016

What You'll Learn

After completing this course, students will be able to:
  • Define key terms related to GST
  • Identify the transfer categories, exceptions, and exclusions for generation-skipping tax
  • Explain the benefits of the generation-skipping transfer exemption and allocations in estate planning
  • Describe the concepts associated with calculating the GST tax

​Audience​​​

Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

Course Credits


ABA Certificates: This course applies to the ABA Certificate in Trust: Advanced​.

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​Questions? Please contact training@aba.com for more information.
 

 Purchase

 

Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.​

 

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