The Generation-Skipping Transfer (GST) tax is a complex and significant aspect of estate planning that impacts the transfer of assets across multiple generations. This course provides a comprehensive examination of GST tax regulations, strategies, and compliance considerations to demystify this tax. Course objectives include: (1) Understanding the allocation and reporting of GST tax exemption for lifetime gifts and bequests; (2) Examining the allocation of GST exemption in various types of trusts.