{"id":16921,"date":"2023-01-23T21:03:00","date_gmt":"2023-01-23T21:03:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=16921"},"modified":"2023-01-24T20:04:19","modified_gmt":"2023-01-24T20:04:19","slug":"slat-trust","status":"publish","type":"post","link":"https:\/\/businessyield.com\/estate-planning\/slat-trust\/","title":{"rendered":"SLAT TRUST: How To Effectively Plan Your Slat Trust (+Detailed Guide)","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
Planning an estate could sometimes be a bit difficult but it’s an important part of your financial planning, I know that you would not like to stare down your own mortality. Therefore, if you’ve been thinking about how you would want to pass on your legacy when you die then make a slat trust your next option. However, For effectively planning of slat trust, this article is a detailed guide leaving you with its form, pros, and cons as well as a general overview of what slat trust is all about.<\/p>\n\n\n\n
A SLAT is an acronym for Spousal Lifetime Access Trust. It is an irrevocable trust<\/a> set up by a spouse for the other during their lifetime. This means this trust is created when the donor spouse is still alive. This is a perfect difference between SLAT and other types of marital trusts that are only done upon death. <\/p>\n\n\n\n They are an inexpensive estate planning<\/a> tool for couples. As such, they are also are basically an asset protection tool. Meanwhile, it gives access to the gifted funds to the beneficiary spouse, and potentially other beneficiaries such as children and grandchildren instantly.<\/p>\n\n\n\n Read Also: REVOCABLE TRUST: What is Living Revocable Trust?<\/a><\/p>\n\n\n\n