
The Florida legislature recently passed a new trust law that creates an exciting estate planning opportunity for married couples who are residents of Florida. The new law, effective July 1, 2022, allows one spouse (settlor-spouse) to create a Spousal Lifetime Access Trust (SLAT) for the benefit of the other spouse (beneficiary-spouse) and to preserve the ability to become a beneficiary of the SLAT following thebeneficiary-spouse’s death. This is a notable change for two reasons: first, because under current Florida
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