What Is A Spousal Lifetime Access Trust - Using a spousal lifetime access trust (commonly referred to as a slat) allows you to make a gift to your spouse that may mitigate future estate. A spousal lifetime access trust (slat) is an irrevocable trust that allows one spouse to gift assets to a trust for the benefit of. A spousal lifetime access trust, or “slat,” is an irrevocable trust that names the donor’s spouse as a discretionary beneficiary along with others.
A spousal lifetime access trust, or “slat,” is an irrevocable trust that names the donor’s spouse as a discretionary beneficiary along with others. Using a spousal lifetime access trust (commonly referred to as a slat) allows you to make a gift to your spouse that may mitigate future estate. A spousal lifetime access trust (slat) is an irrevocable trust that allows one spouse to gift assets to a trust for the benefit of.