Friday, June 03, 2011 Recent Press Coverage of Estate Planning (June 3, 2011)
Daniel S. Rubin, Esq., writes in the Journal of Accountancy why it’s not a good idea for estate planners and their clients to rely on the new rules for “portability” of a deceased spouse’s federal estate tax exclusion. Reasons why reliance on portability is probably a bad idea include the fact that portability is on the books only through the end of 2012, portability applies only to the federal estate tax, and not state estate taxes, and the deceased spouse’s exclusion is not indexed for inflation. See Seven Good Reasons Credit Shelter Trusts Remain Relevant (June 2011). |