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- Should You Consider a Spousal Lifetime Access Trust (SLAT)
What is a spousal lifetime access trust (SLAT)? A SLAT is an irrevocable trust, which means it generally can’t be changed once created It enables one spouse to make a gift that can benefit the other spouse even while the spouse who made the gift is still alive
- SLAT Trusts: Estate Planning for Couples | Charles Schwab
A spousal lifetime access trust (SLAT) allows access to assets while helping to keep them out of your taxable estate Learn about this estate planning strategy
- Pros and Cons of a Spousal Lifetime Access Trust (SLAT)
What is a spousal lifetime access trust? A SLAT is a type of irrevocable trust created by one spouse (trustmaker spouse) for the benefit of the other spouse (beneficiary spouse) used to transfer money and property out of the trustmaker spouse's estate
- What is a SLAT | Trust Will
A Spousal Lifetime Access Trust (SLAT) can be a powerful estate planning tool, offering significant tax benefits, asset protection, and financial flexibility for high-net-worth individuals
- Protect assets with a SLAT | Fidelity Investments
One option to remove assets from a spouse's taxable estate is a Spousal Lifetime Access Trust (SLAT), an irrevocable trust created by one spouse for the benefit of the other, with the remainder typically benefiting descendants on the passing of the beneficiary spouse
- SLAT Trusts Explained and How to Benefit | Becker
What is a spousal lifetime access trust? A SLAT is an irrevocable trust that allows one spouse (the donor spouse) to gift assets to a trust to benefit the other spouse (and potentially other family members), thereby removing the assets from their combined estates
- Spousal Lifetime Access Trusts (SLATs) | Wealthspire
What is a Spousal Lifetime Access Trust (SLAT)? It is a trust that you (the grantor) set up for the benefit of your spouse and your descendants You would make a gift to the SLAT, using some of your federal lifetime gift exemption (currently $13 61M in 2024) to shield that gift from gift tax
- Understanding Spousal Lifetime Access Trusts (SLATs)
The term “spousal lifetime access trust,” or “SLAT,” is used to describe an irrevocable trust established by a grantor spouse for the benefit of the beneficiary spouse and others
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