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https://www.kmgslaw.com/knox-law-institute/publications/spousal-lifetime-access-trusts-slats-not-just-for-the-rich-and-famous
Apr 02, 2018 · A SLAT that permits only discretionary distributions, such as support or medical or educational expenses, rather than mandatory distributions, will likely provide additional asset protection. The SLAT should also protect the assets Husband gifted to the trust from the reach of …Location: 120 W. 10th St, Erie, 16501, PA
https://www.trcfinancial.com/post/2019/04/04/spousal-lifetime-access-trusts-slats-and-divorce-what-you-dont-know
Apr 04, 2019 · SYNOPSIS: The SLAT, a lifetime irrevocable trust created for the benefit of the donor’s spouse, arguably allows the donor to indirectly benefit from the trust assets (through distributions to the spouse) should the need arise.
https://www.onefpa.org/journal/Pages/Prudence%20in%20Establishing%20a%20Spousal%20Lifetime%20Access%20Trust.aspx
A SLAT is an irrevocable trust created by a married person for the benefit of his or her spouse. Usually, the spouse is granted a life estate, followed by further retention in trust of the principal for the benefit of the married couples’ children.
https://www.wellsfargo.com/the-private-bank/insights/planning/wpu-leveraging-spousal-lifetime-access-trust/
A Spousal Lifetime Access Trust (“SLAT”) is an irrevocable trust created by one spouse for the benefit of the other as well as additional family members, most commonly children and/or grandchildren.
http://www.plannersearch.org/financial-planning/spousallifetimeaccesstrustapowerfulestateplanningtoolintodaysuncertainworld
Therein one spouse makes a gift and the Trustee has the right to make distributions to the other spouse. Thus the SLAT can be used to provide the other spouse with access to a potential cash flow (from cash values within the trust) while the insured (or insured's') remains alive. What makes this …
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