2022 Trust Forum Presentations

GENERATION-SKIPPING TAX Review for Trust Administrators

Andrew M. Katzenstein, Esq. akatzenstein@proskauer.com 310-284-4553

CSBS Executive Trust Forum 900 Bayfront Court San Diego, California 92101 November 7, 2022 1:00 p.m. – 2:00 p.m.

BEFORE 1982 – YOU’RE TAXED ON WHAT YOU OWN WHEN YOU DIE

Rich Family

Poor Family

Estate Tax

Estate Tax

No Tax

Estate Tax

No Tax

Estate Tax

This is the rich getting richer and the poor getting poorer…

Why? Because for tax purposes when they die C and GC aren’t treated as “owning” the trust assets for estate tax purposes.

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