SLATs, DAPTs and Ways to Use Exemption While Retaining Access
- Planning for married couples using spousal lifetime access trusts (SLATs).
- Clients who have moderate wealth must maintain access to the wealth they transfer to be willing to use exemptions.
- SLATs and DAPTs will both be grantor trust.
- If you are representing both the husband and wife, how do you define spouse? Will a floating spouse provision be acceptable to the client?
- For single taxpayers domestic asset protection trusts (DAPTs) may be an option to consider.
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