Why the spousal lifetime access trust is the go-to planning strategy {PFP Section}

American Institute of CPAs - Personal Financial Planning (PFP)

It’s anyone’s guess what will happen with tax laws given all the proposals floating around. If you have clients concerned about losing the estate exclusion available to them today yet they are reluctant to transfer assets outright to children and grandchildren, the spousal lifetime access trust (SLAT) may be the perfect strategy. Tune in as estate planning expert Steven Siegel, JD, LLM, walks you through the ins and outs of the SLAT technique, including:

• How the SLAT works to minimize tax and provide asset protection for multiple generations
• Why it’s not just for the highest net worth clients
• How to get around the risks of death and divorce

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.

• Access Steve Siegel’s 4-volume Adviser’s Guide to Financial & Estate Planning, exclusive to AICPA PFP/PFS members.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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