Estate Planning Before 2020 Election: Maybe Only One Spouse Should Make Gifts

Originally posted October 4, 2019 on Forbes.com

One of the most common estate planning tools is right now are non-reciprocal spousal lifetime
access trusts (“SLATs”). We’ll explain that common planning technique and then why the way
many folks implement it might not be the best approach (i.e., maybe only one spouse should set
up a trust, not both). But first some background on why you might consider this technique and
the broader planning picture that is involved. The key take home lesson is just because everyone
else is using a particular technique, doesn’t mean its right for you. Planning must be tailored to
your unique circumstances to work best. Why are so many people considering SLATs as part of
their plan? Elizabeth and Bernie!

To read the full commentary click here.