Special Gift Tax Issues
With the Gift and Estate Tax Exemption at an all time high, clients are beginning to make significant gifts to ensure they can use the temporarily increased exemption before they lose it. In this deep dive into gift tax we will examine key valuation issues, transfers to trusts, and estate inclusion risks. We will also analyze opportunities for protecting current and prior gifts from generation skipping tax, adequate disclosure issues, gifting of partnership interests, intentionally defective grantor trusts, and Crummey Trust best practices.