SLATs can support state estate tax planning techniques

05/27/2013 | Nerd's Eye View blog

The new estate planning strategy known as the "Spousal Lifetime Access Trust," or SLAT, a form of bypass trust created for couples to take advantage of the once-threatened $5.12 million estate tax exemption [since made permanent by the 2012 tax legislation], remains useful to manage or avoid state estate taxes, according to financial columnist Michael Kitces. In his column, Kitces discusses how SLATs can be employed to plan for state estate taxes during a couple's life, instead of using traditional bypass trusts at death, while cautioning about the potential pitfalls of their use.

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