Portability + QTIP

Portability + QTIP

The 2012 American Taxpayer Relief Act may simplify planning for some couples, but with more options, also make it more complex

The 2012 American Taxpayer Relief Act has greatly changed the engineering of estate plans. Now, with a $5.34 million (in 2014) exclusion amount indexed for inflation, lower estate tax rates, higher capital gains rates and Internal Revenue Code Section 2010(c) (that is, portability), practitioners are often designing flexible plans to maximize step-up in basis. For s

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