Spousal Lifetime Access Trust

Spousal Lifetime Access Trust

What is a Spousal Lifetime Access Trust (SLAT)? A Spousal Lifetime Access Trust or “SLAT” is an Irrevocable Trust that: Provides specific support for a spouse for life Is excluded from the taxable estates of both spouses If everything goes as planned, ultimately passes more than the exclusion amount to the children or other designated…

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Community Property Planning

Marital Property Issues Estate planning is necessarily multi-disciplinary.  It touches upon many aspects of law. It affects taxation, property, family, and business concerns.   Marital Property rights is a critical element in legal planning.  The changes go both ways — the estate planning affects marital property interests and marital property affects the planning. This is increasingly true with the social…

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