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Spousal Lifetime Access Trusts (“SLATs”): A Key Planning Tool

SKU: EST6300
Total Credits
1 - 1.5
Price$75
  • Online Access
  • Smartphone
  • iPad/iPod/Tablets
  • CDs/DVDs

Description

SLAT planning can provide tremendous planning benefits for many married clients. With proper tailoring for the current environment, a useful default estate and financial planning strategy is to employ non-reciprocal spousal lifetime access trusts (“SLATs”). This can provide a flexible framework for a wide range of clients and can achieve an array of planning goals. The technique can be adapted for modest estates needing life insurance trusts, to ultra-high net worth clients requiring more aggressive tax oriented estate planning. Regardless of what happens to the transfer tax system, some variant of SLAT planning may remain useful to clients. Considering special clauses and techniques to be discussed (hybrid DAPTs, loan provisions, floating spouse clauses, insurance provisions, etc.), SLATs can remain powerful, relevant and robust planning techniques for every planner’s tool kit.

Lecturer Bios

Martin M. Shenkman, Esq.

Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Paramus, New Jersey and New York City. Practice concentrates on estate and tax planning. He is the author of 42 books and more than 1,000 articles. He is active in many charitable causes and founded ChronicIllnessPlanning.org which educates professional advisers on planning for clients with chronic illness and disability. He has a Bachelor of Science degree from Wharton School, with a concentration in accounting and economics, an MBA from the University of Michigan, with a concentration in tax and finance, and a law degree from Fordham University School of Law.

To learn more about Marty visit his website http://shenkmanlaw.com

David H. Kirk CPA, CFP, LL.M.

David Kirk is Executive Director, Private Client Services at Ernst & Young’s National Tax Department. He is also an Adjunct Professor of Law at Georgetown University School of Law. Throughout his career, David has focused primarily on the taxation of Individuals, Trusts, S Corporations, and Partnerships and financial planning for high-net-worth family groups.

Prior to joining EY, David was an attorney in the Passthroughs and Special Industries division of the Office of Chief Counsel, Internal Revenue Service. Within Chief Counsel, David specializes in federal income taxation of Estates & Trusts, S Corporations, and Partnerships (Subchapters J, K, and S of the Internal Revenue Code), and certain other tax matters of general applicability to individuals and estates & trusts. Most notably, David was the principal author of the income tax regulations under Section 1411 of the Internal Revenue Code (Net Investment Income Tax) and Revenue Procedure 2013-30 (Unified Late S Corporation Elections).

Before joining Chief Counsel, David was an associate in the tax practice of Arnold & Porter LLP in Washington, DC. Prior to joining Arnold & Porter LLP, David spent eight years in the Private Client Advisors group of Deloitte Tax LLP.

David is a Certified Financial Planner and Certified Public Accountant in the District of Columbia. He is a member of the Bar in the District of Columbia and Pennsylvania.



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