In the past, advisors recommended moving assets outside the taxable estate through an Irrevocable Life Insurance Trust (ILIT) when faced with estate tax uncertainty even though this can result in a loss of control to those assets while alive. But, where ILITs fall short, Spousal Lifetime Access Trusts (SLATs) shine.

Published: January 11, 2024
Tracking Code: 70107
Business Line: Advanced Planning
Category: Estate Planning & Wealth Transfer
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