AICPA Advanced Estate Planning Conference

July 19, 2009
None Specified
The American Institute of Certified Public Accountants

Fundamentals of GST, CPE Credits: 2
Sunday, July 19, 2009
3:40 - 5:20 p.m.

This session will give an easy to understand overview of the complicated generation skipping transfer tax. Topics covered include:

  • Three types of GST transfers
  • Determining a trust's "inclusion ratio"
  • Planning to use the generation skipping exemption
  • Common mistakes

    Advanced GST Planning
    Monday, July 20, 2009
    1:00 - 2:45 p.m.

    This session will provide an in-depth discussion of common generation-skipping tax planning opportunities and mistakes. Subjects include:

  • Dealing with GST on Form 709
  • Late allocations
  • How to allocate GST exemption to a Crummey trust
  • Handling the "new" automatic allocation rules, including when to "opt out"
  • Planning with "HEET" trusts
  • Making the reverse QTIP election
  • Qualified severances
  • Resources