Using Joint Spousal Trusts in Estate Planning

Faculty: ACTEC Fellow Robert K. Kirkland

Joint spousal trusts (JST), a staple of wealth transfer strategies in community property states, is a revocable trust instrument in which married spouses are the settlors, primary beneficiaries, and, most often, the initial co-trustees. They offer married couples simplicity, efficiency, and seamless administration during the spouses’ lifetimes, but can also introduce complexities, especially in cases of incapacity, death, or blended family dynamics. Why use a JST instead of traditional separate revocable trusts for each spouse with a credit shelter trust planning approach — the alternate approach in common law states?

By attending this webcast, you will gain valuable insights into the strategic tax and asset protection aspects of JSTs and learn how they compare to traditional approaches like separate revocable trusts with credit shelter planning. This knowledge is essential for estate planners, tax advisors, and financial professionals aiming to provide tailored solutions to clients’ diverse needs.