Adam Reid presented “Generation-Skipping Transfer Tax & Related Filings - 706-GS(T)’s, (D)’s and (D-1)’s and Don’ts”, which broke down the key concepts, planning strategies, and compliance obligations associated with GST Tax. The session covered practical approaches to addressing generation-skipping transfers, the current and late allocation of GST exemption, and preparing Forms 709 (Gift Tax Return) and Form 706-GS(T/D) filings. Attendees gained insight into the interplay between estate, gift, and GST taxes; the impact of trust structures on GST exposure; and common pitfalls to avoid in reporting and exemption allocation.