Do you have a sample SLAT/SPAT that you generate that includes all the necessary provisions for tax…
We do not have a sample SLAT or SPAT document.
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This section contains questions about drafting documents, including questions about options in document interviews, how to draft particular provisions or documents.
If you don’t find the answer to your question here, please email content@interactivelegal.com.
SLATS- Why can’t you make the spouse the sole beneficiary during the lifetime of the Grantor?
This appears to be a limitation in how our Irrevocable Trust template was designed. The beneficiaries during the grantor’s lifetime are tied to those who have Crummey withdrawal rights, or if Crummey powers are not included, then the…
SLATS- Is there a way to exclude Family Trust, but keep spouse a trustee of SLAT during life?
The spouse can be trustee even if you don’t include the “Family Trust” after the grantor’s death.
SLATS-What provisions are put in to avoid reciprocal trust between 1 and 2?
The differences in these two profiles are discussed in the “SLAT” drafting guide (you can access it in the program’s Resource Library).
In most of your trusts, but in particular the SLATS and SPATS, you often limit the trustee’s…
The restrictions we have on interested trustees acting or holding certain powers are tied to protecting the interested trustee, rather than preventing estate inclusion.
In ILS Online, how do you find where you left off in a client interview?
The program will save your progress in an interview, and you may be able to pick up where you left off by clicking on the double-arrow that appears to the right of the “Next” button at the bottom of the interview screen.
The meaning of “person” under a power of appointment.
This is an interesting question, and one our content team attorneys have been discussing.
Power of Attorney- Trustee Gifting
Our content attorneys don’t think the power to make charitable gifts triggers any general power of appointment concern.
In the WTP form, sometimes my spouse is used without capitalized letters, and sometimes the…
The answer may depend on whether you are drafting a revocable trust or an irrevocable trust.
Does ILS have an Education Trust?
We don’t have any specific education trust provisions at this time.
