Estate Planning: Spousal Lifetime Access Trusts (SLATs)

Now may be the time to take advantage of a historically favorable tax environment. It is unclear how long the lower rates and tax exemptions established by the Tax Cuts and Jobs Act (TCJA) of 2017 will last. We know that many provisions of the TCJA will automatically expire in 2026 unless Congress makes them permanent. However, Congress could modify them prior to their 2026 expiration date. The outcome largely depends on who controls the White House and the Senate after the November 2020...
By: Jennings, Strouss & Salmon, PLC

Jennings, Strouss & Salmon, PLC