Generation-Skipping Transfer Tax


Teaches how to explain the generation-skipping transfer tax to clients. This course describes the transfer categories—taxable terminations, taxable distributions, and direct skips, and the available exceptions and how they are applied. This course explains how allocations are used in GST tax exemptions and discusses timely allocations and tax returns. This course explores the possible difficulties of making late allocations of filings. It explains the automatic allocation rules with respect to property transfers. This course also describes the concepts used in calculating the tax. This course discusses differences between GST tax on taxable terminations, taxable distributions, and direct skips, and describes the treatment of effective date rules for trusts.


  • Define key terms related to GST
  • Identify the transfer categories, exceptions, and exclusions for generation-skipping tax
  • Explain the benefits of the generation-skipping transfer exemption and allocations in estate planning
  • Describe the concepts associated with calculating the GST tax

Audience:  Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.

ABA Certifications: 1.0 CISP, CTFA

The New York Bankers Association is a Local ABA Training Provider.

NYBA Professional Development at (212) 297-1679 or
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Member $175
Non-Member $225

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To license this course for multiple learners, contact NYBA Professional Development.