Marital Property Archives - Durfee Law Group

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…

Community Property Planning

By Rick Durfee

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…