Spousal Lifetime Access Trusts - A Fleeting Opportunity
Date: Tuesday, January 23, 2024
Time: 11:30am - 1:30pm
Location: Minnehaha Country Club
Speaker: Cannon Teleconference
This Cannon Teleconference will be offered ONLY in person at the Minnehaha Country Club.
A buffet lunch will be served starting at 11:30 am. The webinar begins at noon.
Registration will close at 5 pm on Thursday, January 18th.
The Tax Cuts and Jobs Act brought historically high estate and gift tax exemptions. With the seemingly inevitable “sunset” of the Act looming on the horizon, spousal lifetime access trusts (“SLATS”) have been widely promoted in recent years as the best “have-your-cake-and-eat-it-too” estate planning strategy out there. In this program, we’ll explore several aspects of the design, creation and administration of a SLAT, including:
- Purposes
- How best to fund to minimize tax risk
- Current and future beneficiaries
- Initial and successor Trustees
- Pitfalls to avoid
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