Spousal Lifetime Access Trusts (from Annual Advanced Estate Planning and Administration 2024)

A pre-recorded streaming VIDEO replay of one session from the April 2024 webcast seminar, Conner-Zaritsky 45th Annual Advanced Estate Planning and Administration.

Cosponsored with the Wills, Trusts and Estates Section of the Virginia State Bar

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 session, we explore what is the purpose of a SLAT, the tax consequences that flow from creating and administering a SLAT, who is a good candidate for a SLAT, how to design a SLAT, whom to name as trustee of a SLAT, and how best to avoid the problems a SLAT can sometimes create.