New Florida Law Gives SLAT Grantors Rights to Trust Property

On May 10, 2022, Florida Governor Ron DeSantis signed a new law limiting claims by creditors against grantors of certain Spousal Limited Access Trusts (“SLATs”). The legislation allows Florida residents to establish trusts after June 30, 2022, that allow the grantor spouse to be a beneficiary of the trust following the death of the initial beneficiary spouse, with the trust assets remaining outside the grantor’s estate.