Beyond The GST Of It

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Greenberg Glusker Fields Claman & Machtinger

Contributor

Greenberg Glusker is a full-service law firm in Los Angeles, California with clients that span the globe. For 65 years, the firm has delivered first-tier legal services, rooted in understanding clients' intricate business needs and personal concerns. With tailored solutions driving outstanding results, we go beyond the practice of law; we become committed partners in our clients' success.
Private Client Services Partner, Stefanie Lipson, authored "Beyond the GST of It" for the prominent Trusts & Estates Magazine published by WealthManagement.com.
United States Tax

Private Client Services Partner, Stefanie Lipson, authored "Beyond the GST of It" for the prominent Trusts & Estates Magazine published by WealthManagement.com.

Excerpt:

Unlike Chapters 11 (estate tax) and 12 (gift tax) of the Internal Revenue Code, which in most cases apply either on death or during lifetime, respectively, because of the reconciliation process for lifetime gifts and includible assets at death that occurs on a decedent's estate tax return, Chapter 13's generation-skipping transfer (GST) tax spans both realms, sometimes lying in wait for, well, generations, before it reveals itself.

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