The “L” in SLAT: “Lifetime” or “Limited”?

By Steve Oshins | December 1, 2022 |

By Steven J. Oshins, Esq., AEP (Distinguished)Some articles call it a Spousal Lifetime Access Trust, while others call it a Spousal Limited Access Trust. Which is it?  It can’t be both!  It depends upon how it’s drafted. Spousal “Limited” Access Trust When I draft a SLAT, it’s a Spousal Lifetime Access Trust because distributions aren’t…

Read More