The uncertainty of the tax reform plan moving through the Congressional process brings up the possibility of considering a spousal lifetime asset trust, according to Wealth Management in "SLATs Provide Flexible Plans for Many Clients."
Like any other trust, SLATs do not have to go through probate. They also offer estate tax and capital gains tax benefits.
They key thing about them, is that they are an extremely flexible form of trust. They are more adaptable to changing circumstances than many other trusts.
That makes them a great tool for uncertain times, when no one can be certain what the tax future will look like.
An estate planning attorney can guide you through the process of creating an estate plan that fits your unique circumstances and may include a SLAT. Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
Reference: Wealth Management (May 15, 2017) "SLATs Provide Flexible Plans for Many Clients."