To take advantage of the currently high federal estate tax exclusions, we had a married couple establish spousal lifetime access trusts (SLATs). Each spouse made gifts of assets up to their remaining estate tax exclusion amounts. The assets in the SLATs will be excluded from each spouse’s estates for State estate tax purposes because the State has no gift tax. The appreciation of the assets will be excluded from both spouse’s estates for federal estate tax purposes and if the federal estate tax exclusions go down, the clients will have made tax-free gifts of the difference between the federal estate tax exclusion when the gifts were made and the federal estate tax exclusion when the client dies. GST tax exemption were also allocated to each of the SLATs to allow the trusts to continue from one generation to the next without triggering a transfer tax. Because each spouse is a beneficiary of one of the SLATs, the gifted assets have not left the marital home.