Generation Skipping Transfer Tax (GSTT) Planning
The Generation Skipping Transfer Tax (GSTT) has been repealed for calendar year 2010. But rather than creating a climate of certainty, it has sowed a climate of radical uncertainty about the repeal’s impact on existing estate plans and trusts and how to plan for the GSTT’s likely restoration in 2011. This program will discuss the impact of the repeal – whether temporary or permanent – on existing estate and trust plans, planning in a non-GSTT and non-estate tax environment in 2010, and planning in the event the death tax is imposed again in 2011. The program will also discuss the relationship of the repeal of the federal tax to still existing state death taxes.
- Current state of law – repeal of the GSTT and estate tax
- Planning in 2010 in the absence of the GSTT
- Effect of the repeal on existing estate plans and trusts
- Planning for the prospect of the restoration of the GSTT
- Relationship of the repeal of the federal tax to still existing state death taxes
- Practical advice on what to do in a climate of radical uncertainty
Speaker:
Daniel L. Daniels is a partner in the Stamford office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families. A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine. Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.
