January 12, 2021, GEM 30 — Today’s historically high estate and gift tax exemption amounts ($11.7 million per person or $23.4 million per couple) are set to sunset at the end of 2025, or possibly sooner under a Biden administration. In today’s podcast, National Director of Wealth Strategies Drew Horwitz discusses how the spousal lifetime access trust or SLAT may be a strategy to use some or all of your lifetime gift exemption, potentially benefit your spouse and others, help protect the assets from creditors, and possibly have indirect access to the trust if you need it.
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The information provided herein is for informational purposes only and is not intended as a recommendation or determination that any tax, estate planning, or investment strategy is suitable for a specific investor. Note that tax, estate planning, investing, and financial strategies require consideration for suitability of the individual, business, or investor, and there is no assurance that any strategy will be successful.
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