Transfers to Trusts: GST Exemptions and Late Allocations

Private client associate Brian Balduzzi authored an article for the Pennsylvania CPA Journal titled “Transfers to Trusts: GST Exemptions and Late Allocations,” which provides an overview of generation-skipping transfer (GST) tax planning and how clients may be able to use more of their remaining GST exemption by making late allocations.

In the article, Balduzzi discusses and provides examples of voluntary and late allocations. He notes that a review of tax planning opportunities can help clients strategically allocate their GST exemption prior to a potential sunset.