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Steven Oman

Estate Law

Estate Law: To Port or Not to Port

By | Articles, Estate & Trust

Recent changes in estate and gift tax rules make traditional A/B Trust planning more complex, and perhaps unnecessary. The personal exemption amount has been substantially increased and made “portable.” Portability allows a surviving spouse to use a deceased spouse’s unused estate tax exclusion, thereby changing consideration concerning the need for the traditional A/B Trust for tax reasons. However, other factors should also be considered.

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