February

The most basic form of partnership is a general partnership (GP). In a limited partnership (LP), by state law you must have at least one general partner (GP) and one or more limited partners. There's also the limited liability partnership (LLP).  LLPs are commonly used by professionals, such as accountants, lawyers, and sometimes doctors.

What is a Spousal Lifetime Access Trust (SLAT)?  A SLAT allows your spouse to access the assets you deposit into the trust. It can also give your kids and descendants access to the trust assets during or after your spouse’s lifetime.