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Spousal Lifetime Access Trust (SLAT) | PNC Insights
https://www.pnc.com/insights/wealth-management/transferring-family-wealth/the-spousal-lifetime-access-trust.html
WebApr 01 2022 | 12 min read. In this era of high exemptions from the federal gift and estate tax, the spousal lifetime access trust (SLAT) has become a popular transfer tax savings strategy employed by married couples. We are providing this article to you so you can discuss and consider with your legal and tax advisors whether using a SLAT is ...
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Should A SLAT Be Part Of Your Estate Planning? - Forbes
https://www.forbes.com/sites/christinefletcher/2021/02/16/should-a-slat-be-part-of-your-estate-planning/
WebFeb 16, 2021 · A SLAT is an irrevocable trust that you create for the benefit of your spouse. It is also often used to benefit your children or other beneficiaries. Once you create the SLAT, you can make a gift...
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Slat Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/slat
Webnoun. 1. : a thin narrow flat strip especially of wood or metal. 2. slats plural, slang : ribs. 3. : an auxiliary airfoil at the leading edge of the wing of an airplane. slat adjective. slatted.
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What is a spousal lifetime access trust (SLAT) and how can it …
https://www.edwardjones.com/sites/default/files/acquiadam/2023-08/RES-16296-A.pdf
WebUsing a spousal lifetime access trust (commonly referred to as a SLAT) allows you to make a gift to your spouse that may mitigate future estate taxes. What is a SLAT and how does it work? A SLAT is an irrevocable trust created by you (the grantor) for the benefit of your spouse during their lifetime.
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SLAT Trusts: An Estate Planning Strategy for Couples
https://www.schwab.com/learn/story/slat-trusts-estate-planning-strategy-couples
WebMarch 3, 2022 Austin Jarvis. A spousal lifetime access trust (SLAT) allows access to assets while helping to keep them out of your taxable estate. Last year, House Democrats proposed cutting the federal estate- and gift-tax exemption nearly in half to help fund a sweeping budget and spending package.
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Should You Consider a Spousal Lifetime Access Trust (SLAT)
https://www.northwesternmutual.com/life-and-money/should-you-consider-a-spousal-lifetime-access-trust-slat/
WebJan 17, 2024 · What is a spousal lifetime access trust (SLAT)? A SLAT is an irrevocable trust, which means it generally can’t be changed once created. It enables one spouse to make a gift that can benefit the other spouse even while the spouse who made the gift is still alive.
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Slat Definition & Meaning | Britannica Dictionary
https://www.britannica.com/dictionary/slat
Webplural slats. Britannica Dictionary definition of SLAT. [count] : a thin, narrow strip of wood, plastic, or metal. the slats of a venetian blind. The fence has two broken slats. — slatted. / ˈslætəd/ adjective. slatted blinds. SLAT meaning: a thin, narrow strip of wood, plastic, or metal.
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Protect assets with a SLAT | Fidelity Investments
https://www.fidelity.com/learning-center/wealth-management-insights/protect-assets-with-a-SLAT
WebApr 14, 2023 · 6 min. Print. A smart way for couples to preserve wealth. Protecting assets requires foresight and careful planning. Enter the SLAT. Fidelity Wealth Management. Key takeaways. High-net-worth married couples might want to consider a Spousal Lifetime Access Trust (SLAT) as an option for reducing potential estate taxes.
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SLAT | English meaning - Cambridge Dictionary
https://dictionary.cambridge.org/dictionary/english/slat
Webslat | American Dictionary. noun [ C ] us / slæt / Add to word list. a thin, narrow piece of wood, plastic, or metal used to make such things as floors, furniture, or window coverings: She …
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What is a spousal lifetime access trust (SLAT) — Vanilla
https://www.justvanilla.com/blog/what-is-a-spousal-lifetime-access-trust-slat-and-how-does-it-work
WebFeb 14, 2023 · What is a spousal lifetime access trust (SLAT), and how does it work? A Spousal Lifetime Access Trust (“SLAT”) is an irrevocable trust set up by an individual (the “donor”) during his or her lifetime for the benefit of the individual’s spouse and if, desired, other family members.
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