January 12, 2021—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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