Thursday, March 29, 2007
The ABA Section of Real Property, Probate and Trust Law offers a teleconference and webcast today on Generation Skipping Transfer Tax Traps for the Unwary from 1:00 - 2:30 p.m. EST:
The realm of GST tax compliance has undergone significant transformation in recent years, including: statutory changes under the Economic Growth and Tax Relief Reconciliation Act of 2001; final regulations governing elections into and out of treatment of a trust as a GST trust; proposed regulations governing qualified severances; and changes to federal Form 709.
This teleconference and live audio webcast will focus on the translation of theoretical GST tax rules into practice through a step-by-step examination of Form 709 and separate notice of allocation. Our experts will explore common errors and omissions and recommend best practices to help your client take advantage of the recent changes in GST tax law in allocating GST exemption or electing into/out of automatic allocations. This program also will review the procedure for obtaining Section 9100 relief for an extension of time to allocate GST exemption and how to report qualified severances of trusts. Our experts will review sample forms in detail during this program and strongly recommend that participants download the written materials before commencement of this program.
- Julie K. Kwon (McDermott Will & Emery, Chicago)
- Lloyd Leva Plaine (Sutherland Asbill & Brennan, Washington, D.C.)
- Diana S.C. Zeydel (Greenberg Traurig, Miami)