Life Insurance Planning With SLATs
Dual spousal lifetime access trusts (SLATs) offer high-net-worth (HNW) and ultra-high-net-worth (UHNW) couples the opportunity to gift assets to a dynasty trust for the benefit of future generations while retaining access to and control of gifted assets. I’ll explore the basic operation and benefits of SLATs and how life insurance can complement and enhance their performance.
Wealth Transfer Planning
Even with considerable planning, the taxable estate typically comprises the lion’s share of HNW and UHNW clients’ wealth, generating substantial estate and income taxes following death. How to pay estate taxes is an important issue. Although estate assets generally receive a stepped-up cost basis at death, the family may be unwilling to sell c…