Episode # 80 of "Jonathan On Money" just dropped!
Today we will go IN FOCUS where we explore more advanced wealth planning topics.
In this week's show we will discuss "Generation-Skipping Transfer Tax Tricks and Traps” featuring Bruce Steiner, Of Counsel at the New York City based law firm Kleinberg, Kaplan, Wolff & Cohen, P.C.
You can listen wherever you get your podcasts OR on my website. Enjoy!
Details:
Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.
Today, we will go IN FOCUS where we cover more advanced wealth planning topics.
In this week’s episode, we are joined by Bruce Steiner, Of Counsel at the New York City based law firm Kleinberg Kaplan, Wolff & Cohen. Bruce will discuss the very important topic of "Generation-Skipping Transfer Tax Tricks and Traps.”
This program will discuss how to deal with the generation-skipping transfer tax. It will cover:
- Understanding how the GST exemption works.
- Deciding when to allocate GST exemption to insurance and other trusts.
- The automatic allocation rules.
- Choosing between the estate tax and the GST tax.
- Dealing with the lack of portability for the GST exemption.
- Reverse QTIP elections.
- Moving assets down two or more generations at the cost of only one tax.
- Obtaining private letter rulings allowing late allocations and non-allocations of GST exemption and late reverse QTIP elections.
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