Spousal Lifetime Access Trust

By Rick Durfee
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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Last Will and Testament – Advantages

By Rick Durfee

POUR OVER WILL A Last Will and Testament (“Will“) is one of the basic legal emergency documents needed by everyone eighteen years of age or over. It is an essential part of any estate plan.  Having a Will is part of being an adult.  It is often the source of great intrigue and conflict of…

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Types of Trusts

By Rick Durfee

Types of Trusts. Defining a Trust is just the beginning.  There are many varieties and types of Trusts.  Designing an effective structure requires an understanding of what the materials and the tools the shape them can do.  This is a simply overview of some of the most common types of Trust: Testamentary Trust.  A Testamentary…

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