IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Estate Planning Techniques Regarding Spousal Lifetime Access Trust

$149.00

SKU: 411588

Description

Deep dive into Spousal Lifetime Access Trusts (SLATs), covering tax benefits, setup guidance, and realworld examples for estate planning.
This presentation provides a comprehensive overview of the Spousal Lifetime Access Trust (SLAT) and its practical applications in estate planning. Attendees will gain insights on spotting opportunities for SLAT implementation, along with stepbystep guidance on structuring the trust to achieve various tax objectives, such as setting up SLATs as either complete or incomplete gifts for gift tax purposes. Additional topics include designing SLATs with creditor protection as a primary objective, understanding the tax implications of SLATs, and exploring funding methods when community property assets are involved. Realworld examples will illustrate how to approach different SLAT structures, enhancing participants ability to tailor trust planning to meet clients specific needs.

Date: 2025-01-13 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to define Spousal Lifetime Access Trust (SLAT).

* You will be able to describe how the SLAT is generally taxed for income purposes.

* You will be able to SLATs to clients.

* You will be able to identify when to use each different SLAT version.

Spousal Lifetime Access Trust Aka (SLAT)
• Spotting Opportunities to Use Them

How to Explain SLATs to Clients
• Explore How to Set One up and Where You Want the Gifts to Be Complete for Gift and Estate Tax Purposes
• Go Through Details of How to Design the SLAT If You Want to Avoid a Completed Gift for Gift Tax Purposes

When to Use Each Different SLAT Version
• Get Examples Illustrating How to Design the Trust Where Creditor Protection Is the Primary Objective

How the SLAT Is Generally Taxed for Income Tax Purposes
• Funding Techniques When the Assets Are Primarily Community Property

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Vanessa M. Terzian-Lagerlof, LLP