only unspent points can be traded. so if you want to trade talents you have already spent, you'd have to do a full respecc first.
Of course, that's mostly what I meant

I don't know whether LW or PP can be respecced as I never try a respec at all.
If Larian changes the trade to 1 Talent point = 3 Ability points and keeps the 3 Ability points = 1 Attribute point, then you can
Yup, obviously !