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Subscriber Drafting Webinar: Drafting SLATs in InterActive Legal

March 25, 2022 @ 12:00 pm 1:00 pm EDT

Teresa L. Bush Esq.
Drafting Webinar

Subscriber Drafting Webinars provide continued training on various aspects of using the InterActive Legal software, usually focusing on drafting particular documents or using certain drafting options.  These webinars are free to ILS subscribers. They provide insight and training regarding specific documents and options available within the drafting systems. Subscribers will receive an email outlining the topic of each drafting webinar with instructions for registration.

Webinar Description

With the federal estate and gift tax exemption poised to drop dramatically in 2026, if not sooner, a popular strategy for using the high exemption before it drops involves creating a trust for the grantor’s spouse. Such a trust is sometimes called a Spousal Lifetime Access Trust, or “SLAT,” and SLATs can be drafted in all InterActive Legal practice systems.

In this drafting webinar, we will discuss how to prepare SLATs in InterActive Legal, starting with how to draft a SLAT in the Essential Estate Planning and Elder Law Planning systems. We’ll cover how to set up the trust with the spouse as beneficiary, both during the grantor’s lifetime and after the death, what happens after both spouses have died, and Reciprocal Trust Doctrine issues.

We’ll then review the expanded options available only in the Wealth Transfer Planning drafting system, which includes separate profiles designed to create two non-reciprocal SLATs – intended to avoid the Reciprocal Trust Doctrine. We will describe how to use these profiles and then consider options for trust flexibility in the event of unexpected situations, such as a retroactive drop in the exemption. We’ll also discuss drafting multi-generational trusts that begin as SLATs but are designed to avoid transfer taxation in future generations.

Join us to explore drafting SLATs in InterActive Legal!


Continuing Education Credits

InterActive Legal is not an approved Continuing Education (CE) 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.


Speaker Bio

Teresa Bush, Esq.
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.

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