As we get closer to the time when the US federal estate tax exemption is scheduled to be reduced, I am thinking about whether to create a SLAT (Spousal Lifetime Access Trust) as a way to lock-in the higher estate tax exemption (or at least a part of it, depending on the extent to which we fund the SLAT), without entirely ceding control -- and of course for other reasons as well; the SLAT could be disallowed if it were solely for tax purposes.
Has anyone here done this, or seriously considered it?
I asked this question once before -- some time ago -- and did not get much response. I thought I would try one more time, since we are now closer to the scheduled sunset date, so maybe those with taxable estates would now be giving more thought to this....
Has anyone here done this, or seriously considered it?
I asked this question once before -- some time ago -- and did not get much response. I thought I would try one more time, since we are now closer to the scheduled sunset date, so maybe those with taxable estates would now be giving more thought to this....