SLATs Explained: How a Spousal Lifetime Access Trust Works and the IRS Rules Married Couples Need to Get Right
A Spousal Lifetime Access Trust (SLAT) lets one spouse give assets away for estate tax purposes while the other spouse can still benefit. Here is how SLATs work and the IRS rules on gift tax returns, grantor trust status, reciprocal trusts, divorce and basis that couples need to plan around.
