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What Grandma Gives…the Tax Man Can Take (1 General Credit) - Indy Store

What Grandma Gives…the Tax Man Can Take (1 General Credit)

Date: 08/22/2019

Credit Hour(s)
General Credit - 1 Hour
Ethics Credit - 0 Hour
CME Credit - 0 Hour
NLS Credit - 0 Hour

Continuing Legal Education

According to the American Bar Association, gift taxes are imposed on transfers during a lifetime that exceed the exemption limits, and estate taxes are imposed on transfers at death that exceed the exemption limits. The generation-skipping transfer (GST) tax is imposed on transfers to grandchildren and more remote descendants that exceed the exemption limits so transferors cannot avoid transfer taxes on the next generation by "skipping" a generation.

This program provides an overview of the GST Tax and its application, including definitions, and how and when to file GST tax forms when distributions are made. We also talk about how the fiduciary income tax is affected by the recent tax law changes.

Kate Borkowski, Arrow Fiduciary Services; Sara Smith, Sara Smith CPA Group

Please note: Once you review the program in its entirety, the IndyBar will report all credits earned within 10 days of completion directly to the Indiana Commission for Continuing Legal Education. Posting by the Indiana CLE Commission of the credit to your CLE transcript may take up to 30 days. 


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