Insight on Estate Planning - Year End 2012


In This Issue:

- The spousal lifetime access trust: A safety net in uncertain times

- Be prepared for a triggering event: If you own interests in a closely held business, consider a buy-sell agreement

- Is your IRA safe from creditors?

- Estate Planning Pitfall: You’re unsure whether you need to file a 2012 gift tax return

- Excerpt from The Spousal lifetime access trust:

If you’re married and looking for a last minute strategy to take advantage of the $5.12 million federal gift and estate tax exemption, consider a spousal lifetime access trust (SLAT). Uncertainty about the future of the federal estate tax regime makes setting up a SLAT in 2012 particularly useful. But regardless of what happens to the exemption, the SLAT can continue to be a valuable tool for removing significant wealth from your estate while providing a safety net in the event your financial circumstances change.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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