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Spousal Lifetime Access Trust
Gregory S. DuPont, JD, CFP
Spousal Lifetime Access Trusts
A SLAT is a type of irrevocable trust created by one spouse (the trustmaker) for the benefit of the other spouse (the beneficiary). The trust is used to transfer money and property out of the trustmaker's estate. This strategy allows married couples to take advantage of their lifetime gift and estate tax exclusion amounts.