Trusts and Estates

Ca. Trs. & Estates Quarterly VOLUME 30, ISSUE 4, 2024

TAX ALERT

Written by Jenny Hill Bratt*, John Crisp*, Darian Hackney*, Justin Hepworth*, Allison Hirsh*, Jacob Kwitek*, Mariah Lohse*, Austin Prewitt*, Corey Steady*, and Molly Unterseher*

This article summarizes selected developments in federal and state taxation since the last issue of the Quarterly that may be of interest to trust and estate attorneys.

I. FEDERAL ADMINISTRATIVE AND LEGISLATIVE ACTIVITIES

A. Final Generation Skipping Transfer ("GST") Tax Regulations Requesting GST Exemption Allocation and Election Relief under Internal Revenue Code Section 2642(g)(1)

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