Should You Consider 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 In 2024, the lifetime gift tax exemption—or how much an individual can give in gifts over his or her life without paying a gift
SLAT Trusts: Estate Planning for Couples | Charles Schwab When the SLAT terminates, typically at the death of the beneficiary spouse, the remaining trust assets pass to the remainder beneficiaries named in the trust document For example, say Sarah and Neil have joint and separate assets totaling $35 million, which are likely to further appreciate while they're still alive Were they to transfer $13