This discussion will take an in-depth look at Spousal Lifetime Access Trust (“SLAT”) planning. Discussion will focus on (a) distribution standards for SLATs, (b) who should act as the SLAT trustee, (c) an analysis of the reciprocal trust doctrine and how to avoid its application, (d) the grantor trust aspects of SLATs, and (e) how the possibility of divorce impacts SLAT planning.