Office Managing Partner of Harrison's San Francisco Bay Area office, Chelsea J. Suttmann, recently authored “Ethical and Tax Considerations for SLATs” as part of WealthManagement.com’s Highlights from Heckerling series.
Her article summarizes key insights from the Heckerling session addressing Spousal Lifetime Access Trusts (SLATs) titled "SLATs – Third Wheel (or Third Rail!) of Planning for Married and Divorcing Couples: Ethical, Practical, and Tax Considerations" by Stephanie Loomis-Price and James I. Dougherty, which addressed the ethical considerations practitioners must navigate, common pitfalls, and current best practices in SLAT planning.
Chelsea is a partner in the San Francisco office and has been certified by the State Bar of California Board of Legal Specialization as a specialist in estate planning, trust and probate law. Chelsea’s law practice focuses primarily on estate planning, trust and probate law, estate and gift taxation, and business formation, maintenance, and succession for family-owned businesses.
Read the full article here.
About The 60th Annual Heckerling Institute on Estate Planning
The Heckerling Institute on Estate Planning was founded 60 years ago at the University of Miami School of Law by Professor Philip E. Heckerling to address what he and other national leaders in the growing estate planning industry saw as a need for specialized professional education dedicated exclusively to the legal and tax aspects of estate planning. They successfully launched such a program at the Americana hotel on Miami Beach in early January of 1967 and never looked back. True to the founders’ vision, the Institute developed not only into the nation’s leading provider of quality estate planning education, but also as a national gathering place for estate planning professionals where all members of the estate planning team can meet and share ideas with other estate planning professionals from around the country.
About Harrison LLP
Harrison LLP is a national law firm that assists clients in defining and achieving their private wealth goals, delivering peace of mind through sophisticated and practical legal counsel. Founded in 2003, the firm advises fiduciaries, families, and family offices on tax matters, asset structuring, and succession planning.