Since the enactment of the GST tax, there has been a proliferation of both GST-exempt and nonexempt trusts. This program will discuss the GST rules that apply specifically to nonexempt trusts and how they differ from the estate and gift tax rules. The program will explore ways the grantor, trustee and beneficiaries of nonexempt trusts can plan for the mitigation or payment of GST tax. In addition, the program will address the challenges of planning for the payment of GST tax on both large and small nonexempt trusts.