Jay D. Waxenberg, Andrew M. Katzenstein and Maggie Mouradian of Proskauer Rose write: Dynasty trusts for the benefit of succeeding generations are standard tools in every estate planner's toolkit.

Leading life insurance companies are confident that the impact on their Embedded Value (EV), which is a key measure of insurer profitability, will be minimal, according to a report by Centrum ...

When it comes to passing wealth to the next generation, one of the most powerful tools in our toolbox is the use of your lifetime gift, estate, and generation-skipping transfer tax (GST) exemption ...

In 2018, as part of the “Trump tax cuts,” the federal estate, gift and generation-skipping transfer (GST) tax exemption was increased to $11,180,000, with annual increases for inflation. Today, the ...

The AICPA submitted a letter to the IRS in which it recommended two changes to final regulations regarding the generation-skipping transfer (GST) exemption and certain elections to make it easier and ...

The American Institute of CPAs asked officials in the Treasury Department and the Internal Revenue Service for changes in the final regulations governing generation-skipping transfer tax exemptions.

Life insurance demand in India has gone up sharply in recent months, with reports suggesting a 21%* rise in sales after ...

High‑net‑worth families can preserve wealth across generations by pairing intentionally defective grantor trusts with ...

Under new final regulations, effective for relief filed on or after May 6, 2024, clients can request a private letter ruling (PLR) to correct past mistakes in GST exemption allocations and elections.

In Private Letter Ruling 202539002 (July 1, 2025), a taxpayer made indirect skip gifts to a trust and split the gifts with his spouse. Their accounting firm filed a Form 709 for that year, but didn’t ...