SLATs – How To Plan and Draft One of the Most Useful Documents for Married Clients

Tuesday, June 2, 2020

4:00pm – 6:00pm EDT

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Webinar Materials


Jonathan G. Blattmachr, Esq., Teresa L. Bush, Esq., and Martin M. Shenkman, Esq.

Course Description

Spousal lifetime access trusts (“SLATs”) planning can provide tremendous planning benefits for many married clients. They may well be the most popular technique to plan for married clients (and others) in 2020. Every practitioner needs to be comfortable and knowledgably of SLAT planning and drafting. With proper tailoring for the current environment, a useful default estate and financial planning strategy is to employ non-reciprocal SLATs. This can provide a flexible framework for a wide range of clients and can achieve an array of planning goals. The technique can be adapted for modest estates needing life insurance trusts and vehicles to use some of the temporary high exemption, to ultra-high net worth clients requiring more aggressive tax oriented estate planning, e.g. sales of discounted assets to a grantor trust. Many anticipate that the transfer tax system will be made harsher in the near future to help pay the government bailouts. Some variant of SLAT planning may remain useful to many married clients. This webinar will provide a practical how to discussion of how to plan and draft a SLAT plan. Clauses and techniques that will be discussed and illustrated with sample language will include specific examples of how to differentiate each spouse’s trust to deflect a challenge under the reciprocal trust doctrine, hybrid DAPTs, loan provision, floating spouse clauses, life insurance provisions, tax reimbursement clause and more. Practical funding considerations, including consideration of step-transaction doctrine risks, due diligence, solvency affidavits, etc. SLATs are powerful, relevant and robust planning techniques for every planner’s tool kit today.

Sample clauses and several sample client letters will be provided to all attendees.

Webinar Speakers

Jonathan G. Blattmachr, Esq., InterActive Legal Founder ^

Jonathan G. Blattmachr has over 35 years of experience in trusts and estates law and is currently a Principal at Pioneer Wealth Partners, LLC. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars.  Mr. Blattmachr writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored eight books and over 500 articles on estate planning topics.  He also co-developed Wealth Transfer Planning™, an InterActive Legal software system published for lawyers that provides specific client advice and automated document assembly for wills, trusts, powers of attorney, and other estate planning documents.

Teresa L. Bush, Esq., Director of Education and Support Services, InterActive Legal ^

Teresa Bush joined InterActive Legal in 2007 and serves as Director of Education and Support Services.  Ms. Bush has been licensed to practice law since 1991, and focused her practice exclusively on issues of estate and gift tax planning, probate, charitable planning, and estate and trust administration. She began her practice in a small law firm, planning for clients of all levels of wealth. Thereafter, she practiced for a number of years in the Tax Section of Kelly, Hart and Hallman, P.C. in Fort Worth, Texas, and as an estate and gift tax consultant for the Dallas office of Ernst & Young, in both cases focusing on planning for very high net worth clients.  Ms. Bush received her J.D. from the University of Texas School of Law, where she was a research assistant for Professor Stanley M. Johanson. She studied at Edinburgh University and the London School of Economics prior to obtaining a B.A. in Economics and Political Science from Rice University in Houston. While studying abroad, she worked as an intern for a Member of Parliament in the British House of Commons. Ms. Bush taught legal research and writing as a Teaching Quizmaster in law school, and later taught estate planning extension courses for American College of Financial Services CLU candidates. She has presented several online webinars on estate planning and drafting topics, and is the author or co-author of a variety of estate planning articles.

Martin M. Shenkman, Esq., InterActive Legal Advisor ^

Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City.  His practice concentrates on estate and tax planning, planning for closely held business, and estate administration.  Mr. Shenkman is an author of over 40 books and more than 800 articles.  He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal.  He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels.  Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability.  Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.”

Webinar Sponsors

CLE Credits

InterActive Legal is not an approved Continuing Education Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.

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