For married couples seeking tax savings and lifetime access to cash, a spousal lifetime access trust (SLAT) has become increasingly popular in estate planning in recent years.

The SLAT—the spousal lifetime access trust-- is creating positive buzz because it combines the estate tax savings of an ILIT used for life insurance, but with lifetime access to tax-advantaged cash value inside a quality life insurance policy.

Rather than tying up money irrevocably, the SLAT offers the spouse lifetime income on a tax free basis, while providing exceptional estate planning and asset protection benefits.

Steve and Doc break it down in Segment 2. In the Q & A segment, estate planning attorney Richard Dwornik joins the A-Team to continue the analysis of the SLAT.