Excerpt from: The Mining Journal (click for full article)
Impact on Estate Planning. For married clients who have A/B trusts and assets under $5.25 million, they can either redo their estate plan as a single joint marital trust or change each spouse's A/B trust into a separate all-to-surviving spouse trust. The second option is simpler than the first option because it does not involve retitling of assets.
For persons with assets exceeding $5.25 million, the A/B Trust and other estate tax reduction strategies should still be considered.
However, for these wealthier taxpayers, portability of the unused portion of the deceased spouse's exemption will reduce the usefulness of A/B trust planning.
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