The uncertainty of proposed tax reforms moving through the Congress makes the possibility of a spousal lifetime asset trust into an attractive option, according to Wealth Management in "SLATs Provide Flexible Plans for Many Clients."
Like any other trust, SLATs do not have to go through probate. They also offer estate tax and capital gains tax benefits.
They key benefit of SLATs is that they are an extremely flexible form of trust. They are more adaptable to changing circumstances than many other trusts.
That makes them a great tool for uncertain times, when no one can be certain what the tax future will look like.
An estate planning attorney can guide you through the process of creating an estate plan that is tailored to your unique circumstances and may include a SLAT.
Reference: Wealth Management (May 15, 2017) "SLATs Provide Flexible Plans for Many Clients."