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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