SLATitudes of Love: Planning with Spousal Lifetime Access Trusts

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About This Course

Spousal Lifetime Access Trusts (SLATs) remain a powerful estate planning tool for clients seeking to utilize gift and generation-skipping transfer (GST) tax exemptions while preserving indirect access to transferred assets through a spouse. This CLE program will examine the key tax, estate planning, and drafting considerations involved in creating and administering SLATs, including the use of grantor trust rules to enhance wealth transfer opportunities and strategies for maximizing the benefits of available transfer tax exemptions.

The course will also explore techniques for building flexibility and optionality into trust structures to address changing tax laws, financial circumstances, and family dynamics. In addition, attendees will review common planning pitfalls, reciprocal trust concerns, and the unique challenges that can arise when a marriage ends, including the impact of separation and divorce on existing SLAT arrangements and related estate planning objectives.

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