On this episode, join Partners Erin Nicholls and Michael Clear as they delve deeper into a discussion on creating SLATs for married clients to use up both clients’ lifetime exemption amounts, while also reducing the likelihood of the imposition of the Reciprocal Trust Doctrine by the IRS. Citing several examples, Erin and Michael provide strategies for structuring and funding SLATs in particular ways without triggering potentially catastrophic tax ramifications. Professionals will find this discussion to be as informative and interesting as it is cautionary, and each should be reminded to address any concerns early for the best outcome for their clients.
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