Spousal Lifetime Access Trust: Powerful Planning, Tricky Execution | David Haughton

Do you know that there is a 40% tax rate in the United States? It’s the rate your children will pay on any amount you leave them in excess of $30 million today. Attorney David Haughton returns to explain the spousal lifetime access trust (SLAT): “a very good tool to be able to get assets out of the estate and also retain a level of control.” Matt and David cover who needs to be thinking about one and the risks to understand first. Wondering if something like a SLAT belongs in your family’s estate plan? Schedule a call at ChooseBalance.com to meet with one of our advisors. Balanced Wealth Group is a registered investment advisor. This podcast is for educational and informational purposes only and does not constitute tax, legal, or investment advice. Please consult a qualified professional regarding your specific situation.