Trust Contribution Issues: GT exclusion & GST

My client is creating two ILITs; One with children as primary beneficiaries and one for grandchildren and future gen as sole benficiaries — dynasty provisions in both — premiums will be approx. 8k per year in grandchildren’s trst and approx. 40k per year in children’s trust. What are the considerations related to keeping all contributions current gifts and what are the GST issues I need to be alerted to.



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