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Spousal Lifetime Access Trust (SLAT)
Lock in tax savings today while ensuring your spouse retains access for life.
Plan For the Future
— Planning with Care
Receive the Help of a Complex Tax Law Expert
A Spousal Lifetime Access Trust (SLAT) is a very sophisticated legal instrument. One mistake in drafting or funding can trigger IRS scrutiny or unintended tax consequences. If you’re ready to obtain the benefits of a SLAT trust, you need more than a generalist attorney; you need a dedicated partner. With our expertise, you’ll be able to:
- Move appreciating assets out of your estate while retaining family access
- Gain asset protection
- Create long-term tax-efficient wealth for future generations
We bridge the gap between complex legal theory and your family’s reality. Our team sits on the same side of the table as you, using plain English and friendly, clear guidance to make this process entirely approachable. You’ll be able to experience full estate tax savings, access to protected assets, and overall wealth preservation. Are you ready to get started?
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Randall Sparks Difference
We believe that securing your legacy shouldn’t be stressful. We pride ourselves on being responsive and down-to-earth, ensuring you never feel talked down to or overwhelmed. Here’s why clients trust us with their most complex planning:
— The Process
Building Your
SLAT Trust
Setting up a Spousal Lifetime Access Trust is a comprehensive process involving several critical phases. Unfortunately, it’s not as simple as signing a document. Here’s how our team makes sure the trust functions exactly as intended.
Receive Genuine Help01
Designing the Trust
- Map out your family dynamics, your current assets, and your long-term objectives
- Determine who the beneficiaries will be
- Determine how distributions and specific provisions should be handled
02
Asset Partitioning
- Carefully analyze your assets to determine separate property versus community property
- Use proper partitioning to avoid the Reciprocal Trust Doctrine
- Ensure that the IRS views the trusts as distinct entities
03
Funding the Trust
- Teach you how to transfer ownership of specific assets
- Assist with the retitling of property into a trust’s name
- Lock in the value of your assets outside of your taxable estate
04
SLAT Trust Administration
- Start to administer the trust and keep you in good legal standing
- Manage distributions to your spouse and other beneficiaries
- Maintain the necessary separation between your personal finances and trust assets
An Attorney With Your Best Interests at Heart
Your legacy deserves protection, and you deserve an attorney who genuinely cares about your outcome. At Randall Sparks Law, we measure our success by your peace of mind. We are here to answer your questions at any point in the process.
Whether you’re familiar with estate planning or starting from scratch, we’re ready to help with a friendly, client-focused approach. Start your SLAT trust and secure your family’s financial future today.
Find Out More
What if my spouse remarries after I die?
This is completely dependent on the terms of the SLAT that was originally written. To determine what will happen after a spouse remarries, consult with an attorney who can walk you through your specific situation.
What does a trustee do?
A trustee has to act according to the conditions in the trust document, making sure that the beneficiaries receive what is given to them, managing the money responsibly, and ensuring that everyone follows the rules that are dictated.
— Let's Get Started
Secure Your Future
Whether you need a simple will or a complex multi-generational asset protection trust, Randall Sparks Law is here to guide you. Let's build a plan that lasts.
If you're unsure if your specific situation fits our practice, please reach out! If we cannot help you, we'll point you in the direction of someone who can.
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