Planning for GST Tax on Nonexempt Trusts

Jeanette Suarez Hunter led an in-depth session at Engage 2020 centered on planning for the GST tax on trusts that are nonexempt from GST tax.

Objectives for the session included:

• Review the GST rules that apply to nonexempt trusts and how they differ from the estate and gift tax rules.
• Understand the challenges of planning for the payment of GST tax on both large and small nonexempt trusts.
• Consider ways the grantor, trustee and beneficiaries of nonexempt trusts can plan for the mitigation or payment of GST tax.