On this episode, join Partners Erin Nicholls and Michael Clear as they discuss one of the hottest topics in the estate planning world, spousal lifetime access trusts (SLATs), and the implications of using SLATs in a post-Tax Cuts and Jobs Act world. Focusing primarily on maximizing the use of one’s lifetime exemption amount and removing assets from a client’s taxable estate, Erin and Michael describe various scenarios in detail, and outline the pros and cons of using SLATs as a central mechanism for achieving significant wealth transfer and saving on transfer taxes.
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