Blake shares his insights on why SLATs are often viewed as the go-to tool for estate tax planning, but also highlights the important considerations and potential downsides that many overlook. From the irrevocable nature of these trusts to the implications of divorce and early death, this episode dives deep into the complexities of estate planning for high net worth individuals.
Key topics include:
-What a SLAT is and how it works
-The benefits and risks associated with SLATs
-The importance of financial flexibility and growth
-When it makes sense to consider a SLAT based on age and asset value
-The significance of understanding your personal goals in estate planning
The Long Game