WebFeb 21, 2024 · Asset Protection – Generally, an irrevocable trust provides asset protection to the grantor since the assets no longer belong to the grantor and the grantor is not a … WebFeb 27, 2024 · For those clients, SLATs present a valuable tool to protect the couple’s estates from creditors as well as increase tax efficiency. Additionally SLATs can protect the ultimate beneficiaries (typically the grantor’s children) from their own creditors. With SLATs, as with any other estate planning strategy, the benefits can be lost if they ...
Irrevocable Trusts Attorney Louisiana - Theus Law Offices
WebThe meaning of SLAT is “Spousal Lifetime Access Trust.” The definition of a SLAT is an irrevocable gift from one spouse to the other for their benefit. Since it is an irrevocable gift, it uses up the current estate tax exemption. The idea is to use your $11.7M estate tax exemption now before they go and decrease it. WebOct 6, 2024 · A Spousal Lifetime Access Trust (also known as a “SLAT”) is an irrevocable trust established and funded by a taxpayer for the benefit of his or her spouse. Assets … binary solutions inc
12 Reasons a SLAT Makes Sense - ICPAS
WebApr 12, 2024 · Current law also provides that this exemption will fall to $5 million per person ($10 million per married couple) on Jan. 1, 2026. The 2026 estate tax exemption is adjusted for inflation and is ... WebMay 21, 2024 · Get examples illustrating how to design the trust where creditor protection is the primary objective Discover ways to design the SLAT for maximum divorce protection Find out how to use a “floating spouse” provision to best protect the trust assets and have future access when getting remarried binary solutions llc