Publications 03 Feb. 2020

Michael Schwartz Co-Authors Article on GST Tax Automatic Allocation of Rules

Trusts and Estates and Private Client Partner Michael Schwartz has published an article titled GST Allocations: Often Automatic, but Rarely Straightforward in Tax Notes. The article focuses on the complex rules governing the automatic allocation of generation-skipping transfer (“GST”) tax exemption in the context of gifts to trusts, as well as common mistakes when reporting those transfers on gift tax returns and strategies for avoiding them.