Have your cake and eat it too – SLATs provide tax benefits and enable wealth access
Abstract: The Tax Cuts and Jobs Act temporarily doubled the estate and gift tax exemption to $11.4 million. But the exemption is scheduled to return to its previous level at the end of 2025. Affluent families can potentially make the most of the elevated exemption while retaining at least some access to their wealth by using a spousal lifetime access trust (SLAT). This article talks about the trust features.