Allocating all or a portion of the insured's GSTT exemption to transfers to an insurance trust is an excellent way to leverage the exemption, since the transfers to the trust will, presumably, be much smaller than the eventual trust corpus consisting of the insurance proceeds.

This material is intended to give you a basic understanding of how the GSTT works and is not intended to be a complete treatment of the subject. The GSTT is a very complex area of the tax code, and the specifics of the tax should be dealt with by qualified professionals who are well-versed in the subject matter.

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