Most anybody that has wealth has heard the expression “generation skipping”. However, very few people truly understand what “generation skipping” means and its power to transfer wealth from one generation to another. Most people when they hear the concept falsely believe that “generation skipping” means when you die, you “skip” your children and pass the […]
As estate planning attorneys, we recognize the importance of helping our high-net-worth clients understand the nuances of SLATs in divorce situations.
Navigating the Complex Terrain of Spousal Lifetime Access Trusts in Divorce: A Guide for Family Law Attorneys Introduction Over the last decade, Spousal Lifetime Access Trusts (SLATs) have emerged as most important and efficient tools that we use for tax-efficient wealth transfer. However, when the shadows of divorce cast their uncertainty, these trusts can become […]
After 33 years of Estate Planning, there remains as much uncertainty today as there has ever been over the future of the Estate Tax and the implications for a spousal trust. With the recent election under our belt, we are certainly on the heels of a major Tax Act that will decrease the Estate Tax […]
