2025: SLATs on the Brink of a Rapid Rise in Popularity?

The 2010 Tax Relief Act temporarily increased the federal estate and gift tax exemption to $5 million per individual, a significant rise from prior years. As the 2012 fiscal cliff approached, concerns grew that these higher exemptions might be reduced, prompting a surge in estate planning activities. During this period, Spousal Lifetime Access Trusts (SLATs) gained popularity as estate planners promoted them as a strategic tool to lock in the increased exemption, allowing one spouse to make substantial gifts to a trust benefiting the other spouse while still retaining some access to the assets.

  • Related Posts

    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the SECURE 2.0 Act, an employee is…

    Common Mistakes When Applying for the Diversity Immigrant Visa Program

    The Diversity Immigrant Visa Program, commonly referred to as the green card lottery, was established by the U.S. government to provide individuals from countries with low immigration rates a chance to…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says

    • By admin
    • October 16, 2024
    • 2 views
    Oil could fall to $25 per barrel by 2050 if net zero emissions goals met, IEA says

    Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt

    • By admin
    • October 16, 2024
    • 0 views
    Bank of America CEO Brian Moynihan says U.S. economy is the envy of the world—but could lose its power due to national debt

    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    • By admin
    • October 16, 2024
    • 3 views
    Dow Jones Today: S&P 500, Dow Rise as Stock Market Stabilizes After Selloff

    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    • By admin
    • October 16, 2024
    • 2 views
    IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans

    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    • By admin
    • October 16, 2024
    • 4 views
    Investment banking surge at Morgan Stanley solidifies Wall Street revival

    Gold Nears Fresh Record With Focus on US Election and Fed Rates

    • By admin
    • October 16, 2024
    • 4 views
    Gold Nears Fresh Record With Focus on US Election and Fed Rates