When is a gift not a gift?

Estate & Trust

There’s been a lot of discussion in the press about estate taxes and potential changes the current administration is considering. As we all know, estate planning can be complicated. One of the tools in the estate planner’s toolbox is a trust designed to avoid estate taxes. However, many trusts are irrevocable meaning once you create […]

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There’s been a lot of discussion in the press about estate taxes and potential changes the current administration is considering. As we all know, estate planning can be complicated. One of the tools in the estate planner’s toolbox is a trust designed to avoid estate taxes. However, many trusts are irrevocable meaning once you create it, you cannot change it. The word irrevocable is daunting and many times acts as a deterrent to making estate tax savings gifts.

Enter the Spousal Lifetime Access Trust (SLATs)

A SLAT is an estate planning tool that provides potential tax reduction features but with a twist, if set up correctly. Even if the trust is irrevocable, the assets in the SLAT could be made available to a spouse while living.

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BROUGHT TO YOU BY:

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Galina Berkovich, CPA
Partner/ Woodland Hills, Beverly Hills
DK Wealth Management LLC
21600 Oxnard Street, Suite 2000
Woodland Hills, CA 91367

Tel 818-385-0585

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Suzie Korth, EA
Partner, University Heights
DK Wealth Management LLC
4304 Park Blvd.
San Diego, CA 92103

Tel 619-295-2637

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Kristopher Lindley, CFP®
Financial Consultant
DK Wealth Management LLC
12555 High Bluff Drive, Suite 210
San Diego, CA 92130

Tel 619-550-4619

DK Wealth Management LLC | La Jolla | University Heights | Woodland Hills | Beverly Hills

Investment advice offered through Integrated Financial Partners, doing business as DK Wealth Management LLC, a registered investment advisor. DK Wealth Management LLC and its individual partners are solicitors to Integrated, compensated for solicitor services. DK Wealth Management LLC and its individual partners do not provide investment advice. DK Wealth Management LLC and its individual partners are not affiliated with Integrated Financial Partners. Click on the links for a copy of the firm’s ADV and solicitor disclosure statement.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

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